INFORMATION On the Structure of International Reserves of the Republic of Armenia 2020 year, III quarter
2020-11-20 10:37
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2020 year, III...
Lists established under UNSC resolutions were amended
2020-11-05 07:50
On 02 November, 2020 the Committee established pursuant to the UN Security Council resolution 1533 approved amendments to the list of individuals and entities associated with the Democratic Republic of...
Statistical overview (October. 2020)
2020-10-30 16:03
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
New FATF public statement issued
2020-10-28 07:52
On October 23, 2020 the FATF issued a Public Statement on jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism regime.
The statement is available...
Refinancing rate left unchanged 4.25 percent
2020-10-27 10:46
Refinancing rate left unchanged 4.25%
At the October 27 meeting, the CBA Board decided to keep the refinancing rate unchanged at 4.25%.
Inflation in September 2020 stood at -0.2%, compared to 0.2% in the same month of the previous year. As a result, the 12-month inflation amounted to 1.4%. At the same time, the 12-month core inflation somewhat increased to 1.3%.
Despite some positive developments in the global economy in the third quarter, it is estimated that in September-October, in light...
Lists established under UNSC resolutions were amended
2020-10-15 07:55
On 08 October 2020, the Committee established pursuant to the UN Security Council resolutions 1267/1989/2253 approved amendments to the list of individuals and entities associated with ISIL (Da’esh) and...
Financial Stability Report (2020 1st half)
2020-10-09 10:42
This Financial Stability Report presents an assessment of potential risks that could threaten the stability of the Republic of Armenia's financial system as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia’s macroeconomic environment is available in the Status Report on Monetary Policy Implementation. Previous publications of the Financial Stability Report are available on the official website of the Central Bank of Armenia:...
Statement of financial position as at 30 September 2020
2020-09-30 10:39
Statement of financial position as at 30 September...
Inflation report 2020/3 (Monetary Policy Program Q3 2020, Status report on Implementation of the Monetary Policy Program Q2 2020)
2020-09-25 11:14
Executive summary
After the deep decline in the global and Armenian economies due to considerably accelerating spread of the new coronavirus in the second quarter of 2020, a certain reviving of economic activity is observable in the third quarter. However, the still high uncertainty about eventual overcoming of the pandemic is estimated to restrain and delay the recovery of economic activity and aggregate demand in global and domestic economies. In view of these developments, and due to a low...
GPW Intends to Take Over the Armenia Securities Exchange
2020-09-18 12:50
GPW Intends to Take Over the Armenia Securities Exchange
The Warsaw Stock Exchange (GPW) has signed a term sheet with the Central Bank of Armenia (CBA) on negotiations concerning the acquisition of 65% of the Armenia Securities Exchange (AMX) from CBA
GPW’s potential acquisition of AMX requires among others a due diligence and necessary corporate approvals
The preliminary estimated valuation of 100% of AMX is approx. PLN 6 million (USD 1.6 million)
On 18 September 2020, the Warsaw...
Refinancing rate cut by 0.25 pp to 4.25 percent
2020-09-15 06:21
Refinancing rate cut by 0.25 pp to 4.25%
At the September 15 meeting, the CBA Board decided to decrease the refinancing rate by 0.25 pp to 4.25%.
Inflation in August 2020 stood at -0.1%, compared to -0.4% in the same month of the previous year. As a result, the 12-month inflation increased to 1.8%. At the same time, the 12- month core inflation somewhat increased to 1.1%․
The global economy in the third quarter is showing signs of gradual recovery. The persistently high uncertainty related...
Lists established under UNSC resolutions were amended
2020-09-11 07:57
On 10 September 2020, the Committee established pursuant to the UN Security Council resolutions 1267/1989/2253 approved amendments to the list of individuals and entities associated with ISIL (Da’esh) and...
Fitting Armenian data to the simple DSGE model with permanent productivity growth
2020-09-07 11:21
WP 20/1/08
Central Bank of Armenia Working Paper 20/1/08
Fitting Armenian data to the simple DSGEmodel with permanent productivity growth
Haykaz Igityan, Hovhannes Manukyan January 2020
Abstract
This paper discusses the evaluation of structural parameters and estimated potential economic growth of Armenia using different specifications of DSGE models. We extend the simple models so that they are consistent with a balanced steady state growth path driven by...
Statistical overview (August. 2020)
2020-08-30 15:52
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Status Report on Implementation of the Monetary Policy Program (Q3, 2019 - Q2, 2020)
2020-08-28 20:36
(2020/2) During the year preceding the third quarter of 2020, the inflationary environment remained low in Armenia. It was mainly attributable to both weak demand and supply factors. Thus, in the second half of 2019, the Government carried out more-than-expected contractionary fiscal policy and the deflationary effects were transmitted from the outside world, which was partially mitigated by a relatively high growth in private consumption. The low inflationary environment in the second half of...