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    February 2014
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  • Archive for February 27th, 2014

    Chinese yuan may supersede dollar as top reserve currency

    Thursday, February 27th, 2014

    The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors, RBC reports citing the U.S. CNBC TV channel

    Level of dollarization in Armenia in 2013 declined by 3.3 percentage points to 59.7 percent

    Thursday, February 27th, 2014

    The level of dollarization (the ratio of foreign currency deposits to total deposits of residents) in Armenia in 2013 December was 59.7% , down 3.3 percentage points from the beginning of the year

    Armenian banks’ return on assets 2013 slips to 1.81 percent

    Thursday, February 27th, 2014

    Armenia-based commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, slipped from 1.94% in 2012 to 1.81% in 2013, according to findings of an analysis made by ARKA news agency