Armenian finance ministry to place state (treasury) coupon bonds of 1 billion drams on September 14

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

Armenian Deputy Prime Minister Mher Grigoryan and the Head of the European Investment Bank (EIB) Unit, Matteo Rivillini, emphasized the importance of cooperation in economic development projects, particularly in the implementation of joint programs with the private sector in the country, the government press service reported.

Last week, Armenia's financial market was shaped by monetary policy decisions, changes to payment infrastructure regulations, and regulatory signals regarding the cryptocurrency sector.

At its meeting on Monday, the Standing Committee on Financial, Credit, and Budgetary Affairs of the Armenian National Assembly approved the ratification of a €120.5 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for the Tourism and Regional Infrastructure Development Program (TRIP) in Armenia.

Starting in 2023, the Identity Foundation began documenting Armenia's centuries-old monasteries, churches, and cultural monuments.