Russian authorities charge five-member group for making fake banknotes of Russia, Armenia and Ukraine

YEREVAN, December 13. / ARKA /. Russian law-enforcement authorities have formally charged a five-member criminal group for making fake banknotes of Russia, Armenia and Ukraine, as well as euros, RIA Novosti news agency reported citing Moscow Police Department.

It said law-enforcement authorities have established that the group was engaged in production and sale of counterfeit money of the Central Bank of the Russian Federation (one thousand and five thousand banknotes), 100 euros banknotes, as well as Armenian and Ukrainian banknotes.

The law enforcement officials tracked down the traffickers, intermediaries and the producers of counterfeit banknotes. The police searched their homes and found a printing machine for making counterfeit banknotes.

The authorities also established that this group had been involved in similar crimes in the Russian capital.  If found guilty the group members may face prison terms up to 12 years. -0-

spot_img

POPULAR

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

Central Bank raised the rate: what could happen to loans and deposits – and why not right away

The Central Bank of Armenia's increase in the monetary policy rate to 6.75% does not automatically and immediately lead to higher rates on bank loans and deposits.

Euro, dollar, and ruble exchange rates against the Armenian dram have increased: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.9 points on September 15, 2026, compared to September 14, to 364.18 drams.

Unibank Becomes Title Sponsor of Alashkert Football Club

Unibank and a four-time champion of Armenia "Alashkert" Football Club, have expanded their partnership, with the Bank becoming the club’s title sponsor.

Central Bank Chairman Doesn’t Rule Out Hike in Loan Rates in Armenia

Central Bank of Armenia Chairman Martin Galstyan didn't rule out an increase in loan interest rates in the country if the monetary policy tightening cycle continues.

LATEST NEWS

spot_imgspot_imgspot_img