Martin Galstyan

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 …

Why Armenian currency rises

Why Armenian currency rises

The dram has gained about 15 percent against the dollar in recent weeks, bolstered by an influx of Russians to Armenia and a move to buy gas in rubles rather than dollars