Central Bank
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Turkey’s Gold Reserves Plummet Amidst Lira Pressure
Turkey’s central bank sold 58 tonnes of gold in two weeks, slashing net reserves to 513 tonnes, the sharpest drop in seven years.
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Global Inflation Surges as Iran War Forces Central Bank Shifts
Central banks are tightening policy as the Iran conflict drives global inflation, impacting consumer costs and asset security.
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Kazakhstan Central Bank Plans $350 Million Digital Asset Push
Kazakhstan’s central bank plans to invest up to $350 million from its gold and forex reserves into digital asset-linked firms. This strategic move into the crypto market is set for April and May.
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Armenia’s Central Bank Maintains Refinancing Rate at 6.50%
The Central Bank of Armenia decided to keep the refinancing rate steady at 6.50%, reflecting a cautious approach amid evolving economic conditions.
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Ireland Launches €558m Home Retrofit Grants for Windows and Energy Upgrades
Ireland has announced a €558 million National Retrofit Plan for 2026, offering new and expanded grants for window replacement, insulation, heat pumps, and other home energy efficiency upgrades.
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Armenia to Withdraw 2nd-Generation Dram Banknotes by April 15, 2026
On April 28, 2025, the Central Bank of Armenia announced that second-generation (2nd) banknotes would be withdrawn from circulation.
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Armenia’s New Crypto Licensing Framework: What You Need to Know
Discover Armenia’s new cryptocurrency licensing laws, effective July 2025. Learn how these regulations aim to enhance market stability and security.
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Inflation Stability: Armenia’s Central Bank Policy at the Beginning of 2025
In February 2025, the Central Bank of Armenia released its assessments of economic developments and inflation, presenting data from the fourth quarter of 2024. The 12-month inflation rate, as predicted, remained below the target level, at 1.5 percent, and in…
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By How Much Has The Central Bank Reduced the Refinancing Rate?
On December 10, the Board of the Central Bank of Armenia decided to lower the refinancing rate by 0.25 percentage points, setting it at 7.00%. Additionally, the lombard repo rate was set at 8.50%, and the deposit rate at 5.50%.…
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Positive Developments in Armenia’s Banking System: CBA Governor
On November 7, Central Bank Governor Martin Galstyan highlighted positive developments in Armenia’s banking sector during a regional conference. Strengthening financial stability and resilience is a crucial step for economic development. This year, the CBA increased the countercyclical capital buffer…
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U.S. Dollar Exchange Rate Increases in Armenia’s Financial Market
On November 5, the exchange rate of the U.S. dollar in Armenia rose to 387.24 AMD, a 0.15 AMD increase from the previous day, according to the Central Bank of Armenia. Meanwhile, the euro slightly dropped to 421.90 AMD, and…