Central Bank of Armenia: Deposits in the banking system of Armenia  slightly decreased

 Tuesday, October 27 2020 20:15:00
Central Bank of Armenia: Deposits in the banking system of Armenia  slightly decreased

ArmInfo. There is a slight decrease in deposits in the banking system of Armenia. This was announced on October 27 during a press conference by the Chairman of  the Central Bank of the Republic of Armenia Martin Galstyan, noting  that the share of reduced deposits in the structure of deposits is  scanty - about 1%.

Central Bank`s assessment: The ongoing currency fluctuations are  natural and do not require intervention
 Tuesday, October 27 2020 18:53

ArmInfo.The Central Bank of Armenia did not make interventions (since May 2020 - ed. note). Chairman of the Central Bank of Armenia Martin Galstyan stated this  at a press conference on October 27.

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Armenian parliament ratified letter agreement with KfW bank to  postpone payment of tranches on a loan of 50 million euros
 Tuesday, October 27 2020 15:20

ArmInfo.. At a plenary session on October 27, the Armenian Parliament ratified a draft  letter of agreement with the German bank KfW on the postponement of  the payment of tranches on a loan of 50 million euros.

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Armenia to attract $ 17.9 million from IBRD for implementation of  social investment and local development program
 Tuesday, October 27 2020 15:18

ArmInfo. Armenia will attract $ 17.9 million from the International Bank for Reconstruction and Development to implement the program of social investments and  local development. At a plenary session on October 27, the Armenian  parliament ratified the corresponding agreement with the Bank.

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The timing of the start of interest rate payments on the loan from  the German bank KfW will be extended until December 30, 2022
 Tuesday, October 27 2020 15:17

ArmInfo.The timing of the start of payments of tranches on the loan from the German KfW bank attracted by Armenia will be extended until December 30, 2022. The  National Assembly of Armenia at the October 27 session ratified the  letter of agreement with the Bank.  

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Important decisions on the important moment: IDBank offers a new accessible option for transfers from Russia to Armenia
 Tuesday, October 27 2020 13:58

ArmInfo.IDBank together with “Universal payment technologies” (“UPT” LLC) announces the launch of IDpay initiative.

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Central Bank of Armenia keeps refinancing rate at 4.25%
 Tuesday, October 27 2020 12:13

ArmInfo. The Central Bank of Armenia has kept the refinancing rate at 4.25%. As ArmInfo was told in the press service of the Central Bank of Armenia, this decision  was made on October 27 at a meeting of the Central Bank Council.

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The timing of the start of interest rate payments on the loan from  the German bank KfW will be extended until December 30, 2022
 Friday, October 23 2020 13:58

ArmInfo.The timing of the start of interest rate payments on the loan from the German bank KfW attracted by Armenia will be extended until December 30, 2022. The  Commission on Financial-Credit and Budgetary Issues of the Armenian  Parliament issued a positive opinion on the letter-agreement with the  Bank submitted for ratification. The issue will be considered at the  plenary session of the RA National Assembly.

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Armenia to borrow $ 17.9 million from IBRD to implement social  investment and local development program
 Friday, October 23 2020 13:30

ArmInfo. Armenia will attract $ 17.9 million from the International Bank for Reconstruction and Development to implement the program of social investments and  local development. The Parliamentary Commission on Financial-Credit  and Budgetary Issues at a meeting on October 23 issued a positive  opinion on an agreement with the Bank, recommending to the National  Assembly at a plenary meeting to ratify the submitted document.

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The real effective exchange rate of the dram in August fell by 0.6%,  with an annual growth of 2.4%
 Sunday, October 18 2020 23:36

ArmInfo. In August 2020, the real effective exchange rate of the dram to the basket of currencies of the states - the main trading partners of Armenia decreased by  0.6%, and the nominal effective exchange rate - by 0.3%, thereby  fixing a slight weakening of the national currency.

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Armenia`s gross international reserves increased by 1.5% per annum by  October 2020
 Monday, October 12 2020 14:53

ArmInfo.Armenia's gross international reserves (GIR) increased in September 2020 compared to September 2019 by 1.5% or by $ 35.7 million (against 12% growth in  the previous year), amounting to $ 2.443 billion.

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Azerbaijani banks overcame the coronavirus crisis worse than Armenian  banks, but the war creates additional risks
 Thursday, October 8 2020 20:07

ArmInfo. The escalation of the conflict in Nagorno-Karabakh may lead to the withdrawal of deposits in the banks of Armenia and Azerbaijan and the weakening of the dram and manat, Moody's said.

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Deputy Prime Minister of Armenia elected Vice President of the EBRD  Board of Governors
 Thursday, October 8 2020 11:19

ArmInfo. On October 7, a remote plenary meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) was held, at which  decisions were made on the framework of the Strategy and capital for  2021-2025. and EBRD report.  

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According to WB new forecast for 2020, GDP decline in Armenia will be  6.3%
 Wednesday, October 7 2020 16:28

ArmInfo.  According to the new forecast of the World Bank for 2020, the decline in Armenia's GDP will be 6.3%, against the previously expected 2.8% and actual 7.6%  growth in 2019. In 2021, the WB expects Armenia's GDP to grow by  4.6%. This is noted in the WB report "Europe and  Central Asia  Economic Update" published on October 7, which indicates new  expectations for a decline in GDP in the ECA region in 2020 by 4.4%,  with growth in 2021 at 3.3 %.

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Central Bank slightly improved its forecast for 2020 on the decline  in private transfers to 19-22% from the previous 22-25%
 Wednesday, September 30 2020 21:24

ArmInfo. The Central Bank of  Armenia slightly improved its forecast for 2020 for a decline in the  inflow of private transfers to 19-22% from the previously expected  22- 25%. This is set out in the Central Bank's Monetary Policy  Program for the Q3 of 2020, published on August 30, where the  forecast for Armenia's GDP for 2020 was revised towards a larger  decline by 6.2%, against the previously predicted 4% decline. The  Central Bank causes a slight improvement in the outlook for  individual remittances by a significantly lower than expected decline  in their volume in the second quarter.

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Central Bank of Armenia announces bank details for donating funds to  the All-Armenian Fund
 Monday, September 28 2020 18:13

ArmInfo.The Central Bank of Armenia provides bank details for donating funds to the All-Armenian Fund. Information about this is posted on the website of the Central  Bank of the RA.

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On September 22-25, 2020, the volume of transactions in the Armenia`s  foreign exchange interbank decreased by 34.8%
 Saturday, September 26 2020 12:23

ArmInfo.The volume of  dollar transactions in the foreign exchange interbank of Armenia from  September 22 to September 25, 2020, decreased by 34.8%, after growing  by 55.6% in the previous week (September 14-18). At the same time, in  the intrabank foreign exchange market during the reporting week,  dollar-denominated transactions went into decline, in euro  transactions, purchases fell into recession amid a slowdown in sales  growth, and in ruble transactions, the growth in purchases slowed  down while sales entered growth. The exchange currency platform  continues to be idle. As a result, from September 22 to 25, the dram  continued to revaluate against the dollar - from 485.5 to 485 AMD / $  1, maintaining the same trend towards the euro - from 575.5 to 565.5  AMD / 1 EUR, while intending to revalue against the ruble - from 6.5  to 6.3 AMD/ 1 RUB. A year earlier, as of September 25, 2019, the AMD  exchange rate against the dollar was 476 AMD / $ 1, against the euro  - 523 AMD / 1 EUR, and against the ruble - 7.5 AMD / 1 RUB, which, in  comparison with the current exchange rates, indicates the y-o-y  devaluation of the AMD against the dollar and euro, in case of  revaluation against the ruble.

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Striving for new heights: ARARATBANK rebrands itself 
 Friday, September 25 2020 20:19

ArmInfo. ARARATBANK announced rebranding, marking the beginning of a new historical stage, for the bank itself, in particular, and the entire banking  system of Armenia in general. Symbolically, the event was organized  at the height of 2851 meters above sea level, on the top of Mount  Teghenis, which offers an incredible view of the biblical Mount  Ararat, Lake Sevan, Mount Arai Ler, Geghama Range and 4 peaks of  Mount Aragats.

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Expert: The impact of the pandemic on the banking system of Armenia  was not as severe as expected
 Friday, September 25 2020 18:21

ArmInfo. Despite the significant stress associated with the coronavirus, Armenia's banking system has shown itself to be stable. Chairman of the Board of  Directors of ARARATBANK Grigor Hovhannisyan, Chairman of the Bank's  Council, expressed a similar opinion to journalists at the event  dedicated to the rebranding of ARARATBANK on September 24.

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The Central Bank of Armenia is against restrictions on credit  interest rates, seeing in this an undermining of market mechanisms  and a threat to the stability of the financial system
 Thursday, September 24 2020 20:31

ArmInfo. The Central Bank of Armenia opposes the limitation of the upper threshold of credit interest rates of credit companies, seeing this as an undermining of  market mechanisms and a threat to the stability of the financial  system. Central Bank Deputy Chairman Nerses Yeritsyan stated this in  his speech at the parliamentary hearings on "Application of fines and  penalties on overdue loan obligations, interest rates on loans,  amnesty and other credit problems in the banking system of Armenia".

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In 8 months of 2020, the shortfall in tax revenues to the state  budget of Armenia amounted to about 49 billion AMD
 Thursday, September 24 2020 14:39

ArmInfo. In 8 months of 2020, the shortfall in tax revenues to the state budget of Armenia amounted to about 49 billion AMD. On September 24, the Chairman of  the State Revenues Committee of the RA Edward Hovhannisyan told  reporters at the end of the government meeting.

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News


Exchange rates
29.10.2020
RUB6.21-0.10
USD493.150.44
EUR578.32-0.37
GBP641.592.69
CAD370.12-1.99
JPY47.370.09
CNY73.32-0.01
CHF540.910.66



Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000