Central Bank of Armenia

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 …

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 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, …

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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. …

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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 …

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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 …

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Cash transfers from Russia to Armenia drop by 36%

The level of cash transfers from Russia to Armenia has dropped by 36.1% in comparison with 2014, reaching $916 million, the Central Bank of the Republic said. Russian-Armenian cash transfers amounted to 76% of all Armenia’s …

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Armenia lowers refinancing rate to 9.75%

The refinancing rate in Armenia is to be reduced from the current 10.25% to 9.75% by 0.5 percentage points.  The corresponding decision was accepted today the Board of the Central Bank of …

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Armenia remains without gold reserves

The gold reserves of Armenia are equal to zero, the Deputy Chairman of the Central Bank of Armenia, Nerses Yeritsyan, said. He explained that the current composition of reserves allows the Central Bank to achieve its objectives - …

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VTB offers Armenian companies to borrow in rubles

VTB Bank plans to provide loans to Armenian producers in rubles, the Chairman of VTB Bank Management Board, Mikhail Oseyevsky, said. "We see that the national currencies are weakening, and this is typical to all developing markets. …

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