Wednesday, February 17 2010 13:35

The EBRD expert calls on the CBA to decrease AMD exchange rate to make it closer to the market value


ArmInfo.The national currency rate in Armenia should be reduced down to its market value. EBRD Chief Economist Helena Schweiger told ArmInfo.

She believes that the Armenian Central Bank is still maintaining the national currency rate, but it must reduce it down to its market
value.

After sharp revaluation of Armenian dram in March 2009 the Central Bank announced return to the floating rate policy. Then just within an hour the currency market of Armenia experienced sharp revaluation of the exchange rate from 307 to 355 AMD/1USD in average. Now the highest purchase price of the US dollar and EUR in Armenia is 380 AMD and 521 AMD, respectively. The lowest sale price of the US dollar and EUR is 382 drams and 523 drams, respectively.
POST A COMMENT
Input digits     


News
Opportunities for expanding economic cooperation between Armenia and Switzerland discussed in YerevanOpportunities for expanding economic cooperation between Armenia and Switzerland discussed in Yerevan
24th meeting of  Armenian-Russian Intergovernmental Commission on  Economic Cooperation  held in Yerevan24th meeting of  Armenian-Russian Intergovernmental Commission on  Economic Cooperation  held in Yerevan
PSRC approves Gazprom Armenia`s investment program for 2026-2030PSRC approves Gazprom Armenia`s investment program for 2026-2030
Georgian PM comments on oil  product supplies from Azerbaijan to  ArmeniaGeorgian PM comments on oil  product supplies from Azerbaijan to  Armenia
RA State Revenue Committee proposes to postpone  implementation of  digital systems  that ensure fulfillment of tax obligations for  six-monthsRA State Revenue Committee proposes to postpone  implementation of  digital systems  that ensure fulfillment of tax obligations for  six-months
Central Bank of Armenia:  Refinancing rate lowered from 6.75% to 6.5% Central Bank of Armenia:  Refinancing rate lowered from 6.75% to 6.5% 
EIB to provide  50 million euro loan to Armenia for  implementing  EIB to provide  50 million euro loan to Armenia for  implementing  "Armenia - Sustainable Syunik" program
Armenia to receive $250 million loan from Asian Development Bank to  address housing needs of internally displaced persons from  Nagorno-KarabakhArmenia to receive $250 million loan from Asian Development Bank to  address housing needs of internally displaced persons from  Nagorno-Karabakh
Diplomat: Russia  is proving its status as Armenia`s key trade and  investment partner in practiceDiplomat: Russia  is proving its status as Armenia`s key trade and  investment partner in practice
Idcoins and idplus gift cards at Big Christmas MarketIdcoins and idplus gift cards at Big Christmas Market
The Minister of High-Tech Industry of Armenia discussed cooperation issues with representatives of SupermicroThe Minister of High-Tech Industry of Armenia discussed cooperation issues with representatives of Supermicro
American diplomat: The United States seeks to ensure Armenia`s energy independenceAmerican diplomat: The United States seeks to ensure Armenia`s energy independence
Another wheat shipment being transported to Armenia via Azerbaijan -  Economy Minister Another wheat shipment being transported to Armenia via Azerbaijan -  Economy Minister
"In Our Way" movement: What kind of winemaking center are we talking  about if Kakheti exports $200 million worth of wine, while Vayots  Dzor only exports $2 million?
Armenia  improved control of products subject to phytosanitary  supervision - RosselkhoznadzorArmenia  improved control of products subject to phytosanitary  supervision - Rosselkhoznadzor
Armenia`s mining industry potential  showcased at  Resources of  Tomorrow exhibition in LondonArmenia`s mining industry potential  showcased at  Resources of  Tomorrow exhibition in London
EIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation in ArmeniaEIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation in Armenia
Armenia collected 2, 441.9bn drams in taxes by December 2025,  compared to planned 2, 720.3bn drams for the yearArmenia collected 2, 441.9bn drams in taxes by December 2025,  compared to planned 2, 720.3bn drams for the year
Armenia the sixth  largest exporter of fish to the Russian marketArmenia the sixth  largest exporter of fish to the Russian market
Pashinyan visits Atom Museum in Moscow to learn about achievements in  nuclear energyPashinyan visits Atom Museum in Moscow to learn about achievements in  nuclear energy
Ameriabank acts as Underwriter- Intelligent Management Holding to  launch debut bond placement on December 15Ameriabank acts as Underwriter- Intelligent Management Holding to  launch debut bond placement on December 15
Armenia`s Nuclear Power Plant is the best nuclear project of the  Soviet Union still operating- Rosatom headArmenia`s Nuclear Power Plant is the best nuclear project of the  Soviet Union still operating- Rosatom head
Armenian vice-premier confirms discussion of export of Azerbaijani  oil products to Armenia with Azerbaijani counterpartArmenian vice-premier confirms discussion of export of Azerbaijani  oil products to Armenia with Azerbaijani counterpart
Globbing launches its debut issue of AMD and USD registered coupon  bonds in ArmeniaGlobbing launches its debut issue of AMD and USD registered coupon  bonds in Armenia
How to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach PlatformHow to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach Platform
Armenian businesses to receive tax deductions for donations to  educationArmenian businesses to receive tax deductions for donations to  education
Armenia to be recognized as PPR-free zoneArmenia to be recognized as PPR-free zone
Pashinyan reaffirms Yerevan`s willingness for mutually beneficial  collaboration  with EAEU member statesPashinyan reaffirms Yerevan`s willingness for mutually beneficial  collaboration  with EAEU member states
EDB MMI: Armenia accounts for 10.2% of all FDI attracted in  Eurasian  regionEDB MMI: Armenia accounts for 10.2% of all FDI attracted in  Eurasian  region
Armenian government changing procedures for conducting electronic  auctions and alienating propertyArmenian government changing procedures for conducting electronic  auctions and alienating property
More attention to be paid to solar power development  in Armenia -  Prime MinisterMore attention to be paid to solar power development  in Armenia -  Prime Minister
Pashinyan: At this phase, no discussions to leave  EAEUPashinyan: At this phase, no discussions to leave  EAEU
International wine tasting competition Concours Mondial de Brussels  2026 to be held in ArmeniaInternational wine tasting competition Concours Mondial de Brussels  2026 to be held in Armenia
Armenia`s Cabinet extends ban on export of automotive catalytic  converters.Armenia`s Cabinet extends ban on export of automotive catalytic  converters.
EBRD to issue EUR 39mln loan to Armenia for construction of Yerevan  customs and logistic center EBRD to issue EUR 39mln loan to Armenia for construction of Yerevan  customs and logistic center 
WB to issue EUR 70.4mln to Armenia for improving water-supply and  irrigation servicesWB to issue EUR 70.4mln to Armenia for improving water-supply and  irrigation services
Hamburg Chamber of Commerce CEO, local businessmen interested in  opportunities available in various sectors of Armenia`s economyHamburg Chamber of Commerce CEO, local businessmen interested in  opportunities available in various sectors of Armenia`s economy
Former SRC Chairman: If country doesn`t replenish its population, any  economic indicator becomes meaninglessFormer SRC Chairman: If country doesn`t replenish its population, any  economic indicator becomes meaningless
Eurasian Economic Commission Board  approves list of statistical  indicatorsEurasian Economic Commission Board  approves list of statistical  indicators
The December beneficiary of “The Power of One Dram” initiative is the “City of Smile” FoundationThe December beneficiary of “The Power of One Dram” initiative is the “City of Smile” Foundation
EBRD lends US$ 40 million to Acba bank for youth-led firms in ArmeniaEBRD lends US$ 40 million to Acba bank for youth-led firms in Armenia
Current issues of Russian-Armenian business cooperation discussed in  YerevanCurrent issues of Russian-Armenian business cooperation discussed in  Yerevan
NA Speaker not ruling out the possibility of reciprocal transit of  Azerbaijani goods through ArmeniaNA Speaker not ruling out the possibility of reciprocal transit of  Azerbaijani goods through Armenia
Armenian government interested in consistent development of economic  ties with GermanyArmenian government interested in consistent development of economic  ties with Germany
RA, U.S. reps discuss current wheat production and supplies situationRA, U.S. reps discuss current wheat production and supplies situation
Armenia and Kuwait discussed economic cooperation opportunitiesArmenia and Kuwait discussed economic cooperation opportunities
American technology company AMD  interested in new opportunities for  cooperation with ArmeniaAmerican technology company AMD  interested in new opportunities for  cooperation with Armenia
Ameriabank to arrange public offering of Alfa-Pharm CJSC`s nominal coupon paying bondsAmeriabank to arrange public offering of Alfa-Pharm CJSC`s nominal coupon paying bonds
Germany, EU launch new water management program in Armenia -  EU4Sevan+Germany, EU launch new water management program in Armenia -  EU4Sevan+
Armenia sees effective solution to regional water issues in  complementarity and long-term strategic cooperationArmenia sees effective solution to regional water issues in  complementarity and long-term strategic cooperation
FLYONE ARMENIA launches Yerevan-Alecante-Yerevan flightsFLYONE ARMENIA launches Yerevan-Alecante-Yerevan flights
Major renovation of road leading to `Korean Gorge` completed -  ministryMajor renovation of road leading to `Korean Gorge` completed -  ministry
Technical Commission on Tourism Cooperation between Armenia and Iran  meets in Yerevan Technical Commission on Tourism Cooperation between Armenia and Iran  meets in Yerevan
IDBank participated in the conference dedicated to the 10th anniversary of the Armenian Institute of DirectorsIDBank participated in the conference dedicated to the 10th anniversary of the Armenian Institute of Directors
Armenian SRC head discussed implementation of US assistance programs  to reduce customs risks with his American partnersArmenian SRC head discussed implementation of US assistance programs  to reduce customs risks with his American partners
PM Kobakhidze orders one-time free rail transport of Azerbaijani fuel  to ArmeniaPM Kobakhidze orders one-time free rail transport of Azerbaijani fuel  to Armenia
Armenia welcomed 2.12 million tourists  in January-NovemberArmenia welcomed 2.12 million tourists  in January-November
Armenia, Moldova  to expand cooperation in winemaking Armenia, Moldova  to expand cooperation in winemaking
Armenian company `Metalstroy` joins cooperation project within  framework of EAEU industrial cooperation financing mechanismArmenian company `Metalstroy` joins cooperation project within  framework of EAEU industrial cooperation financing mechanism
Global Finance names AraratBank Best Sub-Custodian Bank 2025 in ArmeniaGlobal Finance names AraratBank Best Sub-Custodian Bank 2025 in Armenia
Read more
Exchange rates
17.12.2025
RUB4.75-0.06
USD381.57-0.19
EUR447.43-1.37
GBP508.82-3.58
CAD276.86-0.24
JPY24.54-0.11
CNY54.17-0.04
CHF479.06-0.48


Experts
Expert critical of compulsory medical insurance Expert critical of compulsory medical insurance 
Expert comments on medical insurance system in Armenia Expert comments on medical insurance system in Armenia 
Mariam Hambardzumyan: Armenia`s education system not adapted to meet  the needs of  businessesMariam Hambardzumyan: Armenia`s education system not adapted to meet  the needs of  businesses
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2