YEREVAN, August 24. /ARKA/. The Eurasian Development Bank (EDB) has been granted the status of a participant in the Nasdaq OMX Armenia foreign exchange and government bond markets. The bank said in a press release that this will allow it to gain direct access to operations with the national currency and government securities of the Republic of Armenia.

Bank said in case of demand from the participants of the exchange, it is ready to act as a market-maker for Nasdaq OMX Armenia for operations with the national currencies of its member countries.
At present, the EDB acts as a market-maker for the pair of ruble / tenge at Kazakhstan Stock Exchange and Moscow Exchange.

The EDB has a correspondent account in Armenian drams making settlements at the Central Bank of the Republic of Armenia.

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Armenian Araratbank plans to make two simultaneous public offerings of its coupon bonds – one at NASDAQ OMX in Armenia, and the other possibly in Estonia.

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“Participants of 10th meeting of Board of Managers of State Bodies on regulation of securities market of NIS participant-states emphasized the integrity of markets of their countries”, said Vache Gabrielyan, Deputy Director of Central Bank of Armenia.

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Tags: Gabrielyan, markets, securities

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