Daily says central bank seeks to devaluate dram in support of new prime minister
27.09.2016 16:55
YEREVAN, September 27. /ARKA/. Armenia’s Central Bank is making drastic changes in its monetary policy, which have coincided with change of prime minister and formation of a new government, the local daily ‘Haykakan Zhamanak’ (Armenian Time) says in its today’s issue.
Specifically, the Central Bank’s Board decided last week to lower the reserve requirement in foreign currency for local commercial banks from 20% to 18. "This key indicator that has a significant impact on the interest rates on bank loans had remained unchanged for one year and eight months", the newspaper reminds.
Earlier, in December 2014, to stabilize the situation on the currency market and to curb currency speculation the regulator had raised reserve requirement in foreign currency from 12% to 24%. The next day the Armenian dram began to gain value. On December 24 the Central Bank lowered the reserve requirement in foreign currency from 24% to 20%.
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Eurasian Economic Union development prospects discussed at seminar in Armenia's Dilijan
27.08.2015 20:06
A round-table discussion over macroeconomic policies of Eurasian Economic Union member countries and stabilization of their economies took place Thursday in Dilijan in the training and research center of the Central Bank of Armenia
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Armenian central bank auctions short-term government bonds worth amd 500 million
06.07.2015 20:17
On Monday, the Central Bank of Armenia sold AMGT52047162 short-term government bonds worth 500 million drams, the regulator’s press office reports
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Javadyan: Armenian Central Bank to remain stuck to floating exchange rate policy also in 2015
12.11.2014 17:53
The Central Bank of Armenia will pursue a floating exchange rate policy in 2015, just as this year, and will interfere only in the event of sharp fluctuations
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Tags: CB, floating exchange, Javadyan, POLICY
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Regulator: inflation in Armenia to return to projected rate in early 2015
29.10.2014 18:20
Inflation in Armenia will return to the projected rate 4% (±1.5%) in the beginning of the next year, Arthur Javadyan, head of the Central Bank of Armenia said today during budgetary hearings in the National Assembly
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Karnit Flug appointed as first woman to head Israel’s central bank
21.10.2013 18:16
Karnit Flug was appointed Sunday as the first woman to head Israel’s central bank, RBC reported citing Reuters. Flug, 58, was deputy to previous governor Stanley Fischer and has been acting chief of the Bank of Israel since her predecessor stepped down in June after eight years in the job
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Armenian Central Bank auctions short-term government bonds worth AMD 500 million
02.09.2013 19:36
On Monday, the Central Bank of Armenia sold 52-week AMGT52019146 government treasury bonds worth 500 million drams, the regulator’s press office reports
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Armenian Central Bank offers short-term government bonds worth AMD 500 million
26.08.2013 19:15
On Monday, the Central Bank of Armenia offered 13-week AMGT1325B133 government bonds worth 500 million drams, the regulator’s press office reports
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IMF managing director calls on major central banks to continue support for weak economies
24.08.2013 12:42
The head of the International Monetary Fund (IMF) cautioned the world’s major central banks Friday not to withdraw their unconventional support for weak economies too soon
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Armenia’s Central Bank auctions short-term government treasury bonds worth of 95 million dram
15.07.2013 14:52
Armenia’s Central Bank said Monday it had auctioned short-term government treasury bonds worth of 95 million drams of AMGT26131142 issue with a 26-week maturity period
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