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  • Archive for January 12th, 2015

    Anelik Bank unveils “Dram +” deposit

    Monday, January 12th, 2015

    Armenian Anelik Bank has announced today a new type of 6-month deposit in the national currency called “Dram +” with a 16.25% annual interest rate

    Armenian dram plunges 14.1% in December

    Monday, January 12th, 2015

    The Armenian national currency sank 14.1% in December 2014, compared with December 2013, the National Statistical Service of Armenia reports

    Central Bank raises minimum amount of banks total capital to 30 billion drams from 5 billion drams

    Monday, January 12th, 2015

    Armenia’s Central Bank has decided to raise the minimum amount of commercial banks’ total capital to 30 billion drams from the current 5 billion drams from January 1, 2017

    Central Bank imposes 40 million drams worth penalties on banks and exchange offices

    Monday, January 12th, 2015

    The Central Bank of Armenia said today it has imposed 40 million drams worth penalties on some commercial banks and currency exchange offices after a series of 170 inspections late last year

    Armenia’s gross international reserves in November 2014 drop to $1,537.6 million

    Monday, January 12th, 2015

    Armenia’s gross international reserves fell by 7.9% or by $133.3 million to $1,537.6 million in November 2014, the Central Bank of Armenia reported