Monetary policy program implementation report (Q4 2023 – Q3 2024)
2024-11-26 13:16
(2024.3) Monetary policy program implementation report (Q4 2023 – Q3 2024)
In the one-year period between the fourth quarter of 2023 and the fourth quarter of 2024, the inflationary environment in the Republic of Armenia has remained low; in the first half the 12-month inflation decreased, while in the second half it increased somewhat, floating in the positive territory at the end of the period. Such inflationary developments were driven mainly by deflationary pressures...
(2024/3) 2024 Q3 Monetary Policy Report Monetary Policy Program
2024-09-10 09:46
Summary of Economic Conditions
Global Economy - In Q3 2024, economic activity among Armenia’s main trading partners has been mixed; however, risks of weaker economic activity going forward continue to persist. Uncertainty continues to surround economic fundamentals in the US. On the one hand, despite an elevated policy rate in recent quarters, the US continues to experience strong growth, spurred by persistently robust consumption and domestic demand conditions. While...
Monetary policy program implementation report (Q3 2023 – Q2 2024)
2024-08-27 12:11
(2024.2) Monetary policy program implementation report (Q3 2023 – Q2 2024)
In a one-year horizon spanning a period from the 3rd quarter of 2023 through the 3rd quarter of 2024, the deflationary environment in the Republic of Armenia persisted. This was driven mainly by the deflationary effects transmitted from the external sector and the monetary policy implemented by the Central Bank of Armenia.
Given the influence of the persisting deflationary environment in...
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2024 year, II quarter
2024-08-20 14:44
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2024 year, II...
Statement of financial position as at 30 June 2024
2024-06-30 11:31
Statement of financial position as at 30 June...
(2024/2) 2024 Q2 Monetary Policy Report Monetary Policy Program
2024-06-11 15:56
Summary of Economic Conditions
Global Economy - In 2024Q2, economic activity among Armenia’s main trading partners has been mixed; however, risks of weaker economic activity going forward continue to persist. Despite an elevated policy rate in recent quarters, the US continues to experience strong growth, spurred by persistently robust consumption and domestic demand conditions. Amid these conditions, headline inflation, sticky prices, and wage growth all remain meaningfully above...
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2024 year, I quarter
2024-05-24 15:19
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2024 year, I...
Monetary policy program implementation report (Q2 2023 – Q1 2024)
2024-05-24 09:50
(2024/1) In the one-year period from the second quarter of 2023 to the second quarter of 2024, a low-inflation environment was formed and sustained in the Republic of Armenia. Deflationary effects from the external sector, the monetary policy implemented by the Central Bank of Armenia, and the appreciation of the dram were the main factors that contributed to this. Taking into account the effects of a continued decrease in inflation due to deflationary influences from the external sector, a...
Annual report 2023
2024-04-26 12:24
Governor's message
Dear reader,
We present to you the Central Bank of Armenia’s annual report, which summarizes the challenges we have overcome, our accomplishments, and the changes we have undertaken during the year to have a better Central Bank. In this year’s report, we have tried, for the first time, to summarize the action items outlined by the Bank’s Strategy.
The Central Bank confidently achieved its goals despite challenges that arose during the year.
The...
Financial Stability Report (2023 annual report)
2024-04-16 11:03
EXECUTIVE SUMMARY
Amid high levels of geopolitical and regional uncertainties, the financial system of Armenia maintained the normal process of financial mediation, fulfilling the demand for financial services from the population and business entities. Throughout the year, the steady growth dynamics of the banking system’s credit portfolio and deposits were sustained. Loan growth was recorded across all main lending areas. Specifically, the expansion of the banking system’s credit...
Statement of financial position as at 31 Mart 2024
2024-03-31 12:03
Statement of financial position as at 31 Mart...
Statistical overview (March. 2024)
2024-03-30 11:11
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...
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2023 year
2024-03-29 15:32
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2023...
Collector coins of the Republic of Armenia - 2023
2024-03-25 15:10
Dear reader,
We are pleased to present the Collector Coins of the Republic of Armenia – 2023 annual journal, which presents the collector coins issued by the Central Bank of Armenia in 2023.
Armenian collector coins have always garnered great attention among the Armenian and international community and the general public interested in numismatics. The Central Bank of Armenia began issuing collector coins (made of gold, silver, and base metals) in 1994 with the aim of perpetuating...
(2024/1) 2024 Q1 Monetary Policy Report Monetary Policy Program
2024-03-12 14:32
2024 Q1. Monetary Policy Report. Monetary Policy Program
Summary of Economic ConditionsGlobal Economy - In 2023H2, economic activity among Armenia’s main trading partners, has been mixed; however, the risks of weaker economic activity going forward are high. The US and Russia both continue to experience high rates of growth, despite continued contractionary monetary policy. On the other hand, the Eurozone is on the precipice of a recession,...