Refinancing rate raised by 0.25 percentage point - 5.5 percent
2021-02-02 11:58
Refinancing rate raised by 0.25 percentage point - 5.5%
At the February 2, 2021 meeting, the Board of the Central Bank of Armenia decided to raise the refinancing rate by 0.25 pp, setting it at 5.5%.
Inflation in December 2020 amounted to 3.4%, mainly due to the rise in prices of imported food products, in which case the 12-month inflation has increased significantly and nearly approached the target level, reaching 3.7% at the end of the year. In December, the 12-month core inflation also...
2 collector coins were issued
2021-01-18 10:54
2 collector coins were issued
Arno Babajanyan - 100th anniversary of the birth
Arno Babajanyan (1921-1983) is a famous Armenian composer, pianist, People’s Artist of the USSR (1970).
Babajanyan graduated from the Yerevan and the Moscow Conservatories. In 1950-1956 he taught at the Yerevan Conservatory. A celebrated piano virtuoso, Babajanyan was known for performing his own works. A. Khachatryan and S. Rachmaninoff had an influence on formation of Babajanyan’s creative style,...
Collector coin “Komitas-150” took the 3rd place in the nomination “Coin of the Year” in the international contest
2021-01-11 06:32
Collector coin “Komitas-150” took the 3rd place in the nomination “Coin of the Year” in the international contest
The silver collector coin issued by the Central Bank of Armenia in 2019 and dedicated to the 150th anniversary of the birth of the world-renowned Armenian composer and musicologist Komitas took the 3rd place in the nomination “Coin of the Year” in the 14th international contest “Coin Constellation-2020” (RF).
The designers of the...
A new collector coin has been issued
2020-12-21 06:41
A new collector coin has been issued
Since December 21, 2020 the Central Bank of Armenia has put the “Mother Cathedral of Holy Etchmiadzin" silver collector coin into circulation.
The Mother See of Holy Etchmiadzin is the spiritual center of all Armenians and the Holy See of the Supreme Patriarch and Catholicos of All Armenians.
The Mother Cathedral of Holy Etchmiadzin is the first official cathedral of the Christian world, which was built in 301-303, initiated by and through the...
Refinancing rate raised by 1.0 pp to 5.25 percent
2020-12-15 06:23
Refinancing rate raised by 1.0 pp to 5.25%
At the December 15, 2020 meeting the Board of the Central Bank of Armenia decided to raise the refinancing rate by 1.0 percentage point to 5.25%.
Inflation in November 2020 stood at 1.3%, compared to 1.1% in the same month of the previous year. As a result, the 12-month inflation amounted to 1.6%, still below the 4% target. In November, the 12- month core inflation also continued rising, which at the end of the month stood at about 2.0%.
In the...
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...
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...
Refinancing rate left unchanged – 4.50 percent
2020-07-28 06:19
Refinancing rate left unchanged – 4.50%
At the July 28 meeting, the CBA Board decided to keep the refinancing rate unchanged at 4.5%. In June 2020 inflation stood at -1.4%, compared to -1.9% in the same month of the previous year.
As a result, the 12-month inflation increased to 1.7%. At the same time, the 12-month core inflation remained at 0.8%, which is the level seen in the previous month.
In the external sector, the global economy and the external demand significantly contracted...
Refinancing rate reduced by 0.5 percentage points to 4.50 percent
2020-06-16 06:17
Refinancing rate reduced by 0.5 percentage points to 4.50%
At its June 16, 2020 meeting, the Board of the Central bank of Armenia decided to cut the refinancing rate by 0.5 percentage points to 4.5%.
There was 0.1% deflation in May 2020, compared to 0.4% deflation recorded in the same month of the previous year, in which case the 12-month inflation has increased, amounting to 1.2%.
Due to the coronavirus pandemic, the world economy is expected to register one of its biggest historic...
3 collector coins were issued
2020-05-20 07:55
3 collector coins were issued
Yeghishe Tadevossian – 150th anniversary of the birth
Yeghishe Tadevossian (1870-1936) is one of the well-known masters of Armenian landscape and portrait painting. He is an honored art worker of the Armenian SSR. Tadevossian was born in Vagharshapat, Armenia. He studied at Ter-Hakobyan boarding house in Tiflis (1879-1881), Moscow’s Lazarian Seminary (1881-1885) and School of Painting, Sculpture and Architecture (1885-1894). He worked as an art...
Refinancing rate cut by 0.25 pp to 5.0 percent
2020-04-28 06:15
Refinancing rate cut by 0.25 pp to 5.0%
At the April 28, 2020 meeting, the CBA Board decided to cut the refinancing rate by 0.25 percentage points, setting it at 5.0%.
There was 0.5% inflation in March 2020, compared to that of 0.1% registered in the same month of the previous year, with the 12-month deflation rate having reduced to 0.1%.
The spread of coronavirus and resultant healthcare measures to fight it are having a major negative impact on the global economy, including the economic...
“Gevorg Chavush” and “The 75th anniversary of the victory in the Great Patriotic War” silver collector coins were issued
2020-04-21 10:06
“Gevorg Chavush” and “The 75th anniversary of the victory in the Great Patriotic War” silver collector coins were issued
Gevorg Chavush
Gevorg Chavush (Gevorg Ghazaryan, 1870-1907) is a hero of the Armenian liberation movement, a fedai.
He received education at St. Karapet Monastery School in Moush. He participated in the self-defense battles of Sasun (1891-1894). In September of 1894, the Turkish government arrested and sentenced Chavush to 15 years in prison. In...
Refinancing rate cut by 0.25 pp to 5.25 percent
2020-03-17 06:10
Refinancing rate cut by 0.25 pp to 5.25%
At the March 17 2020 meeting, the CBA Board decided to cut the refinancing rate by 0.25 pp to 5.25%.
There was a 0.2% deflation in February 2020 versus 0.6% inflation recorded in the same month last year, with a 12-month deflation rate of 0.5%.
The continuous spread of coronavirus worldwide is having a significant negative impact on the global economy and economic growth in partner countries. Uncertainties in the world financial markets have increased...
The new series of Armenian banknotes won the accolade for the Best New Series
2020-03-12 10:59
The new series of Armenian banknotes won the accolade for the Best New Series
The new series of Armenian banknotes won the accolade for the Best New Series at the High Security Printing EMEA-2020 contest.
The awards formed part of the High Security Printing EMEA annual Conference, which was organized by Reconnaissance International and held on March 9-11 in Lisbon, Portugal. These recognize the highest levels of achievement in three categories: Best New Series, Best New Banknote, and Best New...