YEREVAN, October 21. /ARKA/. The Board of Central Bank of Armenia defined six-months special economic normative of currency position for commercial banks.
Press service of CB informed that the normative includes two components – maximum ratio between long position of the bank by each currency and its total capital and maximum ratio of the sum of long position of the bank by all currencies and its total capital.
By the decision of the Board of CB maximum size of these components is defined on the level of 7% and 10% accordingly. The normative will be accounted on a daily basis. The new normative will enter into force from October 26, 2009 and the decision of CB will be effective till April 26, 2010. —0–
