On the Armenian interbank currency market from October 19 to 23, dollar transactions remained on the rise, while ruble transactions began to decline

 Friday, October 23 2026 18:43:02
On the Armenian interbank currency market from October 19 to 23, dollar transactions remained on the rise, while ruble transactions began to decline

ArmInfo. From October 19 to 23, dollar transactions on the Armenian interbank currency market maintained growth, while ruble transactions began to decline, while euro transactions have not been conducted for the second week. In particular, the growth of dollar transactions slowed from 10 times to 2.2 times, and the trend of ruble transactions reversed from 36.1% growth to a 14.5% decline. Nevertheless, the weekly volume of ruble transactions remained higher than dollar transactions, but the gap narrowed from 5 times to 2 times.

The Eurasian Development Bank (EDB) and its partners will create a new direct investment fund for Central Asian countries.
 Friday, October 23 2026 13:53

ArmInfo. The Central Asia and Caucasus Direct Investment Fund (CACPEF) is being established with the joint participation of the China Investment Corporation (CIC), the Oman Investment Authority (OIA), the Uzbekistan Fund for Reconstruction and Development (UFRD), the Turkish OYAK Fund, the Eurasian Development Bank (EDB), and Shenwan Hongyuan Securities Co., Ltd. The fund aims to invest in promising companies in Central Asia and the Caucasus, combining long-term capital and industry resources to support the industrial development of Central Asia.

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I IDBank: Investing in a Greener Future — Groundbreaking Ceremony Held for a Biodiversity Park Near the Matenadaran
 Friday, October 23 2026 10:58

ArmInfo.The official groundbreaking ceremony for a new 1.2-hectare biodiversity park took place near the Matenadaran, marking the start of the implementation of the joint initiative by IDBank, the Matenadaran, and the "Armenia Tree Project" charitable foundation. The event was marked by the planting of the future park's first plane tree near the statue of Mesrop Mashtots, uniting the preservation of cultural and natural heritage.

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The Armenian Minister of Finance discussed funding for priority projects with the French Ambassador.
 Tuesday, October 20 2026 20:15

ArmInfo. Armenian Finance Minister Vahe Hovhannisyan discussed the financing of priority projects at a meeting with French Ambassador to the Republic Florian Escudier.

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The Ministry of Economy of the Republic of Armenia: The credit gap of Armenian banks will amount to 4.3% by the end of the second half of the year.
 Tuesday, October 20 2026 17:23

ArmInfo. The credit gap (GAP) for the second half of the year will be 4.3%, indicating that the debt burden is growing somewhat faster than revenue growth. Deputy Economy Minister Sevak Mikaelyan announced this on October 20 during a meeting of the Parliamentary Standing Committee on Financial, Credit, and Budgetary Affairs. He noted that in recent years, the consumer loan portfolio has grown by an average of 30% annually.

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Idram and IDBank Participated in the Opening of My Forest Armenia’s Pavilion at COP17            
 Monday, October 19 2026 19:31

ArmInfo. The opening of the “Forest Biodiversity: An Immersive Experience” exhibition by the “My Forest Armenia” NGO took place in the Green Zone of COP17, with representatives of IDBank and Idram in attendance.

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Net profit in Armenia`s banking system continues to slow down
 Monday, October 19 2026 19:15

ArmInfo. The net profit of the Armenian banking system in January-September 2026 slowed in year-on-year growth from 15% to 9%, amounting to 334.4 billion drams or $921.8 million. This is evidenced by the Express Ranking of Armenian Banks as of September 30, 2026, prepared by ArmInfo Investment Company.

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Armenia and Italy discussed the possibility of receiving financing on preferential terms from the Italian Development Bank.
 Friday, October 16 2026 16:42

ArmInfo. Prospects for expanding investment cooperation in the green economy, energy, and infrastructure development in Armenia with the participation of the EU were discussed at a meeting in Yerevan between Deputy Minister of Finance of Armenia Edgar Mkrtchyan, Deputy Head of Mission of the Italian Embassy in Armenia Andrea Peduto, and Head of Western Balkans and Eastern Neighborhood at the Italian Development Bank Cassa Depositi e Prestiti (CDP), Lucia Bonelli.

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IDBank to Showcase Environmental and Innovative Initiatives at COP17
 Friday, October 16 2026 14:56

ArmInfo. Together with its partners, IDBank will participate in the 17th meeting of the Conference of the Parties to the UN Convention on Biological Diversity (COP17), where it will present a number of key initiatives focused on green transformation, digital ecosystems, and biodiversity conservation.

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35 Years of Trust: IDBank Celebrates with Its Customers
 Thursday, October 15 2026 16:28

ArmInfo.IDBank continues its series of events marking its 35th anniversary, this time celebrating together with its customers. Throughout the day, all IDBank branches were filled with a festive atmosphere, and customers were welcomed with surprises and gifts. Customers visiting the branches for their banking transactions had the opportunity to win themed gifts by spinning the wheel of fortune.

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In Bangkok, the head of the Armenian Ministry of Finance discussed the country`s economic prospects with international financial institutions.
 Wednesday, October 14 2026 14:24

ArmInfo. Armenian Finance Minister Vahe Hovhannisyan met with representatives of the international rating agency, development institutions, and investment organizations in Bangkok as part of the 2026 annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). He also participated in a roundtable discussion on regional economic processes.

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The "Physmath Friends" Charitable Foundation is the October beneficiary of "The Power of One Dram"
 Tuesday, October 13 2026 17:19

ArmInfo.  Within the framework of "The Power of One Dram" initiative, AMD 4,648,503 accumulated during September was directed to organizing the "Climate Change and Women" award ceremony, which aims to highlight women's contributions to combating climate change and preserving biodiversity.

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The head of the Armenian Ministry of Finance is participating in the work of the International Monetary Fund.
 Monday, October 12 2026 18:47

ArmInfo. A delegation led by Armenian Finance Minister Vahe Hovhannisyan is participating in the 2026 Annual Meetings of the International Monetary Fund and the World Bank Group in Bangkok, Thailand. During the visit, the minister met with Yevgeny Rugenaat, Executive Director of the World Bank Group, of which Armenia is a member.

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As part of its 35th-anniversary events, IDBank has signed a Memorandum of Understanding with the Matenadaran
 Monday, October 12 2026 18:04

ArmInfo.A new biodiversity park will be established in the heart of the capital, covering approximately 1.2 hectares adjacent to the Matenadaran. This latest project, dedicated to the 35th anniversary of IDBank’s founding, is being implemented jointly with Matenadaran, with the parties having signed a memorandum of understanding and an agreement․

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The Armenian Parliament ratified the IBRD loan agreement for housing market development.
 Monday, October 12 2026 15:46

ArmInfo. The Armenian Parliament ratified an agreement on the provision of a $240 million loan by the International Bank for Reconstruction and Development to Armenia for the implementation of a project to develop the housing and mortgage market in Armenia. The draft law was presented at an extraordinary session of Parliament by Deputy Minister of Labor and Welfare Lusine Kocharyan.

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From October 5 to 9, a decline in dollar and ruble transactions and a resumption of euro transactions were observed on the Armenian interbank currency market.
 Friday, October 9 2026 17:43

ArmInfo. From October 5 to 9, a decrease in dollar and ruble transactions was observed on the Armenian interbank currency market, although euro transactions resumed a month later. In particular, the trend in dollar transactions reversed from a 79% increase to a 98% decline, which was also observed in ruble transactions, which reversed from an 18.3% increase to a 25.2% decline.

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Nelli Kocharyan Presents Converse Bank’s Vision for Development of International Relations at the BACEE Conference 
 Friday, October 9 2026 10:31

ArmInfo. Nelli Kocharyan, Director of the Financial Institutions and International Banking Department at Converse Bank, participated in a panel discussion dedicated to the 30th anniversary of the Banking Association for Central and Eastern Europe (BACEE) during the Bank Pekao FI Day & 52nd BACEE International Banking Conference held in Warsaw. 

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“The Golden Hour”: IDBank explains how to respond effectively to a scam attack
 Thursday, October 8 2026 15:22

ArmInfo.In medicine, there is a concept known as the “golden hour” – the critical time after an injury when assistance is most effective. The same applies to digital and financial security: if your data is compromised, every minute counts: it is during the first hours after an attack that criminals try to withdraw money from your accounts, apply for loans in your name, steal your account passwords․

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BACEE International Conference Kicks Off with Converse Bank as Lead Sponsor 
 Thursday, October 8 2026 13:42

ArmInfo.The Bank Pekao FI Day & 52nd BACEE International Banking Conference has kicked off in Warsaw, with Converse Bank serving as the event’s Lead Sponsor. 

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Donate Blood, Save Lives: Idram&IDBank
 Wednesday, October 7 2026 17:41

ArmInfo.To support the replenishment of necessary blood supplies and promote a culture of blood donation, Idram and IDBank have joined the voluntary blood donation initiative organized by the Yeolyan Hematology and Oncology Center.

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The French Development Agency will provide Armenia with two loans totaling 270 million euros.
 Wednesday, October 7 2026 16:15

ArmInfo. As part of its annual consultations with the Armenian authorities, the French Development Agency (AFD) signed a financing agreement for €270 million.

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News
At a meeting of the State Investment Committee, a number of projects in the areas of water management, road infrastructure, rescue services, and digitalization were approvedAt a meeting of the State Investment Committee, a number of projects in the areas of water management, road infrastructure, rescue services, and digitalization were approved
On the Armenian interbank currency market from October 19 to 23, dollar transactions remained on the rise, while ruble transactions began to declineOn the Armenian interbank currency market from October 19 to 23, dollar transactions remained on the rise, while ruble transactions began to decline
A DFC senior policy officer visited Yerevan to develop a portfolio of potential investment projects in ArmeniaA DFC senior policy officer visited Yerevan to develop a portfolio of potential investment projects in Armenia
David Khudatyan: More than half of the construction work on the 32-kilometer Kajaran-Agarak section has been completedDavid Khudatyan: More than half of the construction work on the 32-kilometer Kajaran-Agarak section has been completed
The Eurasian Development Bank (EDB) and its partners will create a new direct investment fund for Central Asian countries.The Eurasian Development Bank (EDB) and its partners will create a new direct investment fund for Central Asian countries.
Armenia and Brazil discussed cooperation in winemaking and viticulture.Armenia and Brazil discussed cooperation in winemaking and viticulture.
The US Deputy Assistant Secretary of State was received at the Ministry of Regional Development. The discussions focused on the construction of a new nuclear power unit.The US Deputy Assistant Secretary of State was received at the Ministry of Regional Development. The discussions focused on the construction of a new nuclear power unit.
I IDBank: Investing in a Greener Future — Groundbreaking Ceremony Held for a Biodiversity Park Near the MatenadaranI IDBank: Investing in a Greener Future — Groundbreaking Ceremony Held for a Biodiversity Park Near the Matenadaran
The Ministry of Regional Development introduced the acting director of the company managing the project to build a new nuclear power unit.The Ministry of Regional Development introduced the acting director of the company managing the project to build a new nuclear power unit.
Assessment: The economic consequences of leaving the EAEU will be catastrophic for ArmeniaAssessment: The economic consequences of leaving the EAEU will be catastrophic for Armenia
Armenia has been named one of the world`s top tourist destinations by National GeographicArmenia has been named one of the world`s top tourist destinations by National Geographic
64 heads of Fleckvieh cattle arrived in Armenia from Austria64 heads of Fleckvieh cattle arrived in Armenia from Austria
Mirzoyan: Armenia will present its position on the report on EAEU membership after a detailed studyMirzoyan: Armenia will present its position on the report on EAEU membership after a detailed study
Armenia will participate in the international defense and security exhibition IDEX 2027.Armenia will participate in the international defense and security exhibition IDEX 2027.
David Kazinyan: The Armenian government offered $400,000 for the ESA, with its value up to $1 billion.David Kazinyan: The Armenian government offered $400,000 for the ESA, with its value up to $1 billion.
The Ministry of Economy is preparing a new program to facilitate cargo transportationThe Ministry of Economy is preparing a new program to facilitate cargo transportation
Papoyan: Exports of goods of Armenian origin to the UAE reached $130 million, an increase of 30%.Papoyan: Exports of goods of Armenian origin to the UAE reached $130 million, an increase of 30%.
The Minister of Economy believes that the negative impact of Armenia`s withdrawal from the Eurasian Economic Union will be small.The Minister of Economy believes that the negative impact of Armenia`s withdrawal from the Eurasian Economic Union will be small.
Kopyrkin inspected the operations of the agro-industrial complex in Lori, built with support from the EDBKopyrkin inspected the operations of the agro-industrial complex in Lori, built with support from the EDB
The Deputy Minister of Territorial Administration of Armenia discussed possible areas of cooperation with UNOPS representatives.The Deputy Minister of Territorial Administration of Armenia discussed possible areas of cooperation with UNOPS representatives.
The Armenian Minister of Finance discussed funding for priority projects with the French Ambassador.The Armenian Minister of Finance discussed funding for priority projects with the French Ambassador.
Konstantin Sokolov: Teghut will reach full capacity by 2031Konstantin Sokolov: Teghut will reach full capacity by 2031
The Russian government presented a report on the economic consequences of Armenia`s possible withdrawal from the Eurasian Economic Union.The Russian government presented a report on the economic consequences of Armenia`s possible withdrawal from the Eurasian Economic Union.
The Ministry of Economy of the Republic of Armenia: The credit gap of Armenian banks will amount to 4.3% by the end of the second half of the year.The Ministry of Economy of the Republic of Armenia: The credit gap of Armenian banks will amount to 4.3% by the end of the second half of the year.
The EAEU has prepared a report on the possible consequences of the suspension of the EAEU Treaty of May 29, 2014, with respect to Armenia.The EAEU has prepared a report on the possible consequences of the suspension of the EAEU Treaty of May 29, 2014, with respect to Armenia.
The Armenian Foreign Ministry reported how many flowers the country exported in the first 10 months of this yearThe Armenian Foreign Ministry reported how many flowers the country exported in the first 10 months of this year
The Armenian Ambassador reviewed the products of Armenian companies at the SIAL Paris 2026 exhibitionThe Armenian Ambassador reviewed the products of Armenian companies at the SIAL Paris 2026 exhibition
The Armenian inspection body has denied reports that Latvian authorities had detected pesticides in Armenian teaThe Armenian inspection body has denied reports that Latvian authorities had detected pesticides in Armenian tea
Tashir Capital: The Armenian government`s decision on the ESA violates the international arbitration award.Tashir Capital: The Armenian government`s decision on the ESA violates the international arbitration award.
Idram and IDBank Participated in the Opening of My Forest Armenia’s Pavilion at COP17             Idram and IDBank Participated in the Opening of My Forest Armenia’s Pavilion at COP17            
The new head of the Civil Aviation Committee of Armenia presented his priorities for his new position.The new head of the Civil Aviation Committee of Armenia presented his priorities for his new position.
Net profit in Armenia`s banking system continues to slow downNet profit in Armenia`s banking system continues to slow down
Minister of Economy: Minister of Economy: "Lydian Armenia" at current gold prices will annually send up to $130 million in taxes to the state budget.
Latvia has banned the import of green tea due to pesticides foundLatvia has banned the import of green tea due to pesticides found
Mining companies should go public: Pashinyan spoke in favor of increasing their transparency and enhancing public perceptionMining companies should go public: Pashinyan spoke in favor of increasing their transparency and enhancing public perception
Armenia and Tanzania advocated for deepening trade and economic cooperationArmenia and Tanzania advocated for deepening trade and economic cooperation
Deputy Minister: Armenia can transform from a country with limited accessibility into a logistics and economic hubDeputy Minister: Armenia can transform from a country with limited accessibility into a logistics and economic hub
Armenia and Italy discussed prospects for expanding cooperation in the field of high technology.Armenia and Italy discussed prospects for expanding cooperation in the field of high technology.
Without clear laws protecting investors` rights, we will continue to tread water – ZCMC CEOWithout clear laws protecting investors` rights, we will continue to tread water – ZCMC CEO
Deputy Prime Minister: The peace agenda and unblocking communications could significantly change Armenia`s economic geographyDeputy Prime Minister: The peace agenda and unblocking communications could significantly change Armenia`s economic geography
The head of the Association of Miners and Metallurgists: The standards Lidian Armenia works with create minimal environmental riskThe head of the Association of Miners and Metallurgists: The standards Lidian Armenia works with create minimal environmental risk
The presidents of Armenia and Kyrgyzstan discussed prospects for expanding trade and economic cooperation between the countriesThe presidents of Armenia and Kyrgyzstan discussed prospects for expanding trade and economic cooperation between the countries
Likhachev: Rosatom is receiving positive signals from Armenia regarding its proposal for a new nuclear power plant unit.Likhachev: Rosatom is receiving positive signals from Armenia regarding its proposal for a new nuclear power plant unit.
On the Armenian interbank currency market, both dollar and ruble transactions increased from October 12 to 16.On the Armenian interbank currency market, both dollar and ruble transactions increased from October 12 to 16.
Armenia and Cyprus are considering ways to deepen economic cooperationArmenia and Cyprus are considering ways to deepen economic cooperation
Gevorg Papoyan received the Minister of Agriculture and Forestry of TurkeyGevorg Papoyan received the Minister of Agriculture and Forestry of Turkey
Armenia needs to attract juniors rather than engage in mass geological exploration, expert saysArmenia needs to attract juniors rather than engage in mass geological exploration, expert says
Armenia`s mining industry has high development potential - Hayk AloyanArmenia`s mining industry has high development potential - Hayk Aloyan
Armenia and Italy discussed the possibility of receiving financing on preferential terms from the Italian Development Bank.Armenia and Italy discussed the possibility of receiving financing on preferential terms from the Italian Development Bank.
LIGA Insurance was officially presented as a new member of the international GRAWE Group at a conference in SloveniaLIGA Insurance was officially presented as a new member of the international GRAWE Group at a conference in Slovenia
Head of Armenian Nuclear Power Plant: Nuclear energy is of strategic importance for ArmeniaHead of Armenian Nuclear Power Plant: Nuclear energy is of strategic importance for Armenia
Expert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning itExpert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning it
Economist: Mining sector`s share in Armenia`s exports will increaseEconomist: Mining sector`s share in Armenia`s exports will increase
IDBank to Showcase Environmental and Innovative Initiatives at COP17IDBank to Showcase Environmental and Innovative Initiatives at COP17
The Strong Armenia faction intends to secure the registration of European drugs on the Armenian marketThe Strong Armenia faction intends to secure the registration of European drugs on the Armenian market
Armenia ranks last in terms of geological exploration expenditure per square kilometerArmenia ranks last in terms of geological exploration expenditure per square kilometer
Khudatyan assured: The issue of transferring the concession for Armenian railways to another country has not reached a dead endKhudatyan assured: The issue of transferring the concession for Armenian railways to another country has not reached a dead end
Khudatyan: Armenia currently has no disagreements with Russia over gas pricesKhudatyan: Armenia currently has no disagreements with Russia over gas prices
Khudatyan: Armenia will decide on the model of a new nuclear power plant in early 2027Khudatyan: Armenia will decide on the model of a new nuclear power plant in early 2027
Khudatyan: Armenia is considering expanding energy ties with Azerbaijan and TurkeyKhudatyan: Armenia is considering expanding energy ties with Azerbaijan and Turkey
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Exchange rates
23.10.2026
RUB4.480.03
USD361.14-0.19
EUR404.33-0.90
GBP482.99-0.36
CAD257.870.35
JPY23.03-0.01
CNY54.14-0.01
CHF438.44-1.67




Experts
Expert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning itExpert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning it
Expert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and IranExpert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and Iran
Politician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economyPolitician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economy
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Commented
Politician: The price of gasoline in Armenia has reached an all-time high of 600 drams per literPolitician: The price of gasoline in Armenia has reached an all-time high of 600 drams per liter
RA government to allocate AMD 1.035bln more to co-finance subvention  programs in the country`s regionsRA government to allocate AMD 1.035bln more to co-finance subvention  programs in the country`s regions
Effective July 10, individuals prohibited from exporting more than 5  kg of phytosanitary controlled goods from Armenia Effective July 10, individuals prohibited from exporting more than 5  kg of phytosanitary controlled goods from Armenia 
Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President
For first time, institution of restructuring insolvent banks is being  introduced in Armenian banking systemFor first time, institution of restructuring insolvent banks is being  introduced in Armenian banking system