YEREVAN, April 15. /ARKA/. Armenia'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.

“We have always said that we adhere to the floating exchange rate. The Central Bank intervenes in the foreign exchange market only in extreme cases to mitigate potential serious fluctuations. And the latter cases are not an exception either- the Central Bank intervened in the market solely to mitigate and help avoid strong fluctuations," he said to a news conference today.

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Armenian Prime Minister Nikol Pashinyan urged Thursday his fellow citizens to use online services to pay their utilities

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Tags: citizens, online, Pashinyan, utilities

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Armenian citizens’ financial literacy should be enhanced, Prime Minister Nikol Pashinyan said last Friday during a live broadcast on his Facebook page. Pashinyan’s remarks came in response to a user’s complaint about the “predatory” credit terms

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Armenia’s Central Bank has urged citizens today to beware of unlicensed companies offering loans

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The Central Bank of Armenia recommends that citizens avoid using the services provided by the Financial Trading House (FTH) company in partnership with the Swissquote bank, Harut Kbeyan

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Attended by bank executives, Prime Minister Nikol Pashinyan held a consultative meeting to discuss the problem of accumulated fines and penalties for agricultural and consumer loans, the government press office reported

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The Armenian National Assembly passed Wednesday at the second and final reading amendments to the law on residential mortgage lending

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Tags: Armenia, citizens, CURRENCY, LOANS

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Armenian citizens’ spending shows signs of growth as their incomes are being restored, finance minister Vardan Aramyan told journalists on Wednesday

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Tags: Armenia, citizens, SPENDING, Vardan Aramyan

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Armenian users’ bills for online purchases in 2016 surged by 25% from the previous year, while the number of payments increased by almost 50%, according to a study by Yandex. Money

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Tags: Armenia, citizens, online purchases

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Armenian financial ombudsmen’s office received a total of 18,310 complaints against financial institutions in a time span from January 24, 2009 to January 16, 2017 and helped citizens to get compensations worth about one billion drams

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