Martin Galstyan, a member of Armenia’s Central Bank Board, nominated by the ruling My Step parliamentary faction as a candidate to replace Artur Javadyan as chairman of the regulator, emphasized the importance of public trust, financial literacy and the use of the latest technologies, when speaking at the parliament today
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Archive for April, 2020
Candidate for post of central bank chairman presents his vision of monetary policy
Thursday, April 16th, 2020Armenian central bank working in operational management mode amid COVID 19
Thursday, April 16th, 2020The Central Bank of Armenia is in the operational management mode now and is analyzing scenarios of the development of the situation related to the coronavirus in order to be as ready as possible for any events, Martin Galstyan, a member of the central bank’s board, said Thursday speaking at the National Assembly as a candidate for central bank chairman. Martin Galstyan is My Step faction’s nominee
Armenian central bank ready to provide financial system with appropriate liquidity, if necessary
Thursday, April 16th, 2020The Central Bank of Armenia is ready to provide the financial system with appropriate liquidity, if necessary, though the financial system is sufficiently saturated with capital and has sufficient liquidity to serve the economy, Director of the Central Bank’s Department for Financial Stability Andranik Grigoryan said Wednesday at a press conference in the Unified Information Center
Ucom vs Ucom. Raider Seizure, Blackmailing or Property Redistribution?
Wednesday, April 15th, 2020For several days now, the Armenian information field has been fermented by the scandalous situation over the telecommunications operator Ucom. Until recently, nothing boded a high-profile showdown, and the company itself was preparing for the deal of the year – the purchase of Beeline in Armenia. But in fact, everything turned out to be much more complicated
Armenian central bank asks citizens not to form speculative forex expectations
Wednesday, April 15th, 2020Armenia’s Central Bank intervenes in the local foreign exchange market only in extreme cases in order to mitigate potential serious fluctuations, said Andranik Grigoryan, head of the Central Bank’s Financial Stability Department
IMF to provide Armenia with $280 million loan
Wednesday, April 15th, 2020The International Monetary Fund (IMF) said last week that around $280 million will be available in financial assistance for Armenia immediately after its Board meeting, Deputy Economy Minister Avag Avanesyan told a news conference today
214 business loans totaling AMD 9.7 billion approved in Armenia under government’s anti-crisis programs
Wednesday, April 15th, 2020Artur Javadyan, chairman of the Central Bank of Armenia, presented at a meeting convened Tuesday by Prime Minister Nuikol Pashinyan the interim results of the implementation of the 1st and the 2nd measures, aimed at neutralizing the consequences of the coronavirus by promoting businesses and agriculture
HSBC Armenia supports fight against coronavirus
Tuesday, April 14th, 2020“HSBC Bank Armenia” CJSC (HSBC Armenia) will be allocating AMD15 million to COVID19 relief and recovery effort in Armenia, the Bank said today in a press release.. It said the funds will be donated to the Armenian Red Cross Society (ARCS), which will identify the most pressing humanitarian needs of vulnerable groups in the country and provide both immediate as well as medium and long-term response
Armenian central bank purchases $8.1 million at forex market, Pashinyan comments
Tuesday, April 14th, 2020The Central Bank of Armenia bought USD 8.1 million in the foreign exchange market on Monday, Armenian Prime Minister Nikol Pashinyan reported on his Facebok page
“No matter how strange it may seem – today the Central Bank bought $ 8.1 million at the foreign exchange market
Armenian banks provide 'loan holidays ' worth 40 billion drams
Monday, April 13th, 2020Armenian banks and credit organizations have provided individuals and legal entities with “loan holidays” worth 40 billion drams, Prime Minister Nikol Pashinyan wrote in a Facebook posting on Monday
