Food prices rise in Armenia for first time in a year
Food prices have risen slightly in Armenia. Food prices are rising for the first time in more than a year, the EDB reports. However, overall inflation does not exceed the Central Bank's target.
Central Bank of Armenia
Armenian Central Bank continues reduction of refinancing rate
The Central Bank of Armenia announced a reduction in the refinancing rate. For the last month and a half it has been at the level of 9.25%.
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.
Commemorative coins issued dedicated to Armenia's dram anniversary
The Central Bank of Armenia has put into circulation a series of commemorative coins of 10, 20, 50, 100, 200 and 500 dram dedicated to …
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 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 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
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
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'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'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 …
Food prices in Armenia hit generational high
Inflation is further stifling weak demand, putting the Central Bank in a bind
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 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 …
New Armenia's Central Bank governor to assume duties on June 13
Armenia's National Assembly elected Martin Galstyan as Governor of the Central Bank of Armenia (CBA) on April 17, according to the bank's press service. According to the procedures, Galstyan will assume …
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 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
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 …
Remittances from Russia to Armenia totaled over $1 billion in 2017
Russia dominates the total inflow into Armenia with its 60.3% or $1 064.9 million. Money transfers from Russia to Armenia increased by $168 million or 18.7%, and remittances from Armenia to Russia totaled $376.1 million in 2017 accounting for a …
Markos vs Sargsyan
Open letter to Serge Sargsyan from Levon Markos
