Central Bank of Armenia

Armenia's Central bank raises key rate to 9.5%

Armenia's Central bank raises key rate to 9.5%

Armenia's Central Bank decided today to raise the refinancing rate by 0.25 percentage points and set it at 9.5%. The Lombard repo rate was also increased to 11%. On March 15, 2022 the Central Bank had already raised the key rate by …

Armenia to go cash-free

Armenia to go cash-free

According to Eurasianet, starting in July, all major transactions will have to be made electronically. But some are skeptical of how it will all work. Most major …

Armenian central bank leaves key rate unchanged

Armenian central bank leaves key rate unchanged

Armenia's Central Bank Management Board has decided today to leave the refinancing rate at 9.25% unchanged. According to the press service of the regulator, the Lombard repo rate also remained unchanged at 10.75% and the rate of …

Armenia offers Russia to use dram for trading

Armenia offers Russia to use dram for trading

Armenia's Ministry of Economy and the Central Bank are negotiating with Russian partners to use the Armenian currency - dram - in operations of export of Armenian goods, Armenian Economy Minister Vahan Kerobyan told lawmakers in the …

Armenian central bank raises key rate

Armenian central bank raises key rate

Armenian Central Bank's Board has raised today the refinancing rate by 1.25 percentage points, setting it at 9.25%. According to the press service of the regulator, the Lombard repo rate is set at .75%. The rate of lending to …

Armenian central bank raises key rate

Armenian central bank raises key rate

Armenia’s Central Bank said today its Executive Board has raised the key refinancing rate by 0.5 percentage points, setting it at 7%. It said also that the Lombard repo rate provided by the Central Bank is 8.5%, and the rate on …

Armenia's central bank raises refinancing rate

Armenia's central bank raises refinancing rate

Armenia's Central Bank has decided today to raise the refinancing rate by 0.25% setting it at 5.5%. According to the press service of the regulator, the pawnshop repo rate provided by the Central Bank was 7%, and the rate on funds …

Armenia’s central bank leaves refinancing rate unchanged

Armenia’s central bank leaves refinancing rate unchanged

Armenia’s Central Bank decided today to leave the refinancing rate at 5.75%, according to the regulator's statement. It was said that the inflation in March 2019 was 0.1%, as much as in March 2018. As a result, the 12-month …

Armenia's Central Bank cuts refinancing rate to 5.75%

Armenia's Central Bank cuts refinancing rate to 5.75%

Armenia’s Central Bank decided to cut  the refinancing rate by 0.25 percentage points to 5.75% at today's meeting. The previous time the regulator reviewed  the refinancing rate was in March 2017, when it …

Pashinyan proposes granting credit amnesty to farmers

Pashinyan proposes granting credit amnesty to farmers

Armenian Prime Minister Nikol Pashinyan asked the head of the republic's Central Bank Artur Javadyan to look into the possibility of granting credit amnesty to farmers. "As a matter of fact, we …

 Chairman of Armenia's Central Bank to meet with EBRD heads

Chairman of Armenia's Central Bank to meet with EBRD heads

Chairman of the Central Bank of Armenia Arthur Javadyan has left for Cyprus to attend the annual meeting of the European Bank for Reconstruction and Development (EBRD) and a business forum in Nicosia, the bank's press service …

Armenia’s central bank cuts refinancing rate again

Armenia’s central bank cuts refinancing rate again

Armenia's Central Bank cut its refinancing rate by 0.25 percentage point to 6%. The Central Bank began to gradually reduce the refinancing rate from the second half of 2015. As a result, it fell from 10.5% in June 2015 to 6.25% in …

 Armenian Central Bank cuts refinancing rate

Armenian Central Bank cuts refinancing rate

Armenia’s Central Bank decided to cut the benchmark refinancing rate by 0.25 percentage points to 6.5%.  It is the seventh consecutive cut of the benchmark rate by the regulator within this year.  In February, …

Armenian Central Bank cuts key refinancing rate

Armenian Central Bank cuts key refinancing rate

Armenia's Central Bank said it had decided to cut its refinancing rate to 6.75% from 7.25%. Annual deflation in the South Caucasus country was at 1.9% in August, compared to 1.3% deflation in July, according to central bank data. …

Armenia’s debt surged by $267.5 million

Armenia’s debt surged by $267.5 million

Armenia’s aggregate state debt surged by 5.3% or $267.5 million from the beginning of the year reaching $5.345.2 billion at the end of June, according to the latest numbers, released today by the National Statistical Service (NSS). In June …

Armenia to establish national money transfer system

Armenia to establish national money transfer system

A new money transfer system will start operating in Armenia in 2017. Russian money transfer systems previously work directly with local banks. The initiative was put forward by the National Bank of Armenia. It is expected that this will …