The Central Bank of Armenia has released a report on the latest exchange rates and prices of precious metals. According to the report, the exchange rate of the Armenian dram against the US dollar has remained stable over the past week, with a slight increase of 0.1%.
The report also stated that the prices of precious metals, including gold, silver, and platinum, have seen a decrease in the past week. The price of gold has decreased by 1.1%, while silver and platinum prices have decreased by 2.2% and 2.1%, respectively.
The Central Bank of Armenia has been closely monitoring the exchange rates and precious metal prices in order to maintain stability in the country’s economy. The bank has implemented a number of measures to promote financial stability, including setting the refinancing rate at 5.5%, reducing the interest rate on overnight loans, and introducing new regulations to promote transparency and accountability in the financial sector.
The report comes as Armenia continues to face economic challenges, including high inflation and a growing trade deficit. The government has been working to address these challenges through a number of measures, including increasing investment in infrastructure, promoting exports, and strengthening the financial sector.
The Central Bank of Armenia’s report provides important insights into the current state of the country’s economy and the measures being taken to address the challenges it faces. The bank’s efforts to promote financial stability and transparency are crucial in ensuring that the country can weather these challenges and continue to grow and prosper in the years to come.
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