Armenia’s Central Bank has decided today to leave the refinancing rate unchanged at 10.75%
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Archive for January, 2023
Armenian central bank leaves refinancing rate unchanged
Tuesday, January 31st, 2023Residents of Armenia may be forbidden to receive loans in foreign currency
Tuesday, January 31st, 2023The ruling Civil Contract party of Armenian PM Nikol Pashinyan has proposed an amendment to the law On Currency Regulation and Currency Control stipulating that banks and credit organizations provide consumer and mortgage loans to Armenian residents only in the country’s national currency dram
Short-term government bonds worth AMD 3 bln placed in Armenia
Tuesday, January 31st, 2023Short-term government bonds worth AMD 3 bln with maturity date of May 1, 2023 were placed on January 30, the Armenian Ministry of Finance reported
Tuesday, January 31st, 2023
Armenia’s gross international reserves, as of December 2022, stood at around $4.11 bln, up from $3.23bln in December 2021, according to a Central Bank report
Artsakh investment funds suspend accrual of interest and penalties on loans
Monday, January 30th, 2023In a bid to ease the financial crisis in Artsakh (Nagorno-Karabakh) caused by Azerbaijan’s blockade of the only road connecting Artsakh with Armenia, the Artsakh Investment Fund and the Artsakh Rural and Agricultural Support Fund decided to temporarily stop accruing interest and penalties on obligations to the funds until February 1, 2023
Armenian Card warns of scammers who work through social networks
Monday, January 30th, 2023Armenian Card (Arca) national payment system has warned card holders of the increasing number of fraudulent pages on social networks, with ArCa in the title
Money transfers from Russia to Armenia hit record-breaking level in 2021
Monday, January 30th, 2023Individual remittances from Russia to Armenia in the first 11 months of 2022 quadrupled from the same time span of 2021 to almost $3.1 billion, Russian news site RBC.RU reported
Global Finance: Converse Bank is Armenia's leading bank in Trade Finance
Friday, January 27th, 2023Converse Bank wins ‘Best Trade Finance Provider’ award by Global Finance, maintaining its leading position in this field in Armenia
Armenian banks paid 60.2bln of taxes in 2022
Wednesday, January 25th, 2023Sixteen out of 18 Armenia-based commercial banks were in the list of 1000 largest corporate taxpayers in 2022 having paid a total of 60.2bln drams in various taxes, according to the State Revenue Committee
Solar panels installed in SOS Children's Village in Ijevan with assistance of Acba Bank (VIDEO)
Tuesday, January 24th, 2023The SOS Children Village in Ijevan houses children left without parental care. Here they receive care, upbringing and education just like in a family. The charity program also makes every effort to reunite the children with their biological families whenever possible
