Central Bank of Armenia

Armenia's public debt increased by 43% in drams

Armenia's public debt increased by 43% in drams

Since the beginning of the year, the share of Armenia's public debt has increased by 43% in the national currency. Overall, the Central Bank's debt has decreased, while government debt has increased.

Armenia's Central Bank lowers refinancing rate once again

Armenia's Central Bank lowers refinancing rate once again

The board of directors of the Central Bank of Armenia on September 12 cut the refinancing rate by 50 basis points to 9.75% per annum, the regulator said in a statement. The Central Bank's board cut the refinancing rate by 25 bps to …

Armenia's GDP grows by 14.8% in third quarter

Armenia's GDP grows by 14.8% in third quarter

Armenia's GDP grew by 14.8% year-on-year in the third quarter of the current year, according to the official numbers, released by the National Statistical Committee (NSC). In current prices, the country's GDP amounted …

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 …