Is Forex Legal In Armenia?

Forex trading is legal in Armenia and operates under a liberal foreign exchange regulatory framework established by the Central Bank of Armenia (CBA). The country maintains relatively open currency controls that allow both Armenian residents and foreign nationals to engage in foreign exchange activities (1). Armenia's financial system permits individuals and businesses to hold foreign currency accounts, import, export, and exchange foreign currencies in accordance with established regulations.

The Central Bank of Armenia serves as the primary regulatory authority overseeing all forex-related activities and financial institutions within the country. The CBA's regulatory framework ensures that forex trading operates within legal boundaries while maintaining financial stability and proper oversight of market participants (2). Licensed financial institutions and banks in Armenia provide various foreign exchange services, including currency trading, international transfers, and trade finance operations.

"Armenia has a liberal regime of foreign exchange regulation. Armenian residents and foreign nationals can hold foreign currency accounts and import, export, and exchange foreign currency relatively freely in accordance with the Central Bank of Armenia regulations."

While forex trading is permitted, traders must comply with specific regulatory requirements and work through properly licensed brokers and financial institutions. The Armenian banking system supports international transactions and currency exchanges through established correspondent banking relationships and SWIFT networks. Recent legislative amendments from July 2022 require transactions exceeding 300,000 Armenian drams (approximately $780) to be conducted through electronic or bank transfers rather than cash, reflecting the country's move toward greater financial transparency and regulatory compliance.

Source:
https://www.trade.gov/country-commercial-guides/armenia-trade-financing
http://www.parliament.am/legislation.php?sel=show&ID=1762&lang=eng

Last updated: 01-06-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.