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Average interest rate on AMD consumer loans in Armenia inched up 0.4 p.p. to 20,2% in Nov

YEREVAN, January 16. /ARKA/. Average annual interest rates on AMD consumer loans in Armenia inched up by 0.4 p.p. to 20.2% in November 2012 from October, the Central Bank said Thursday.

Average interest rates on USD consumer loans inched up by 0.4 p.p. to 17% in November from October.

Average annual interest rate on AMD mortgage loans rose by 0.1 p.p. to 12.7%, and USD loans—slashed by 0.1 p.p. to 12.3% within the reported period.

An average interest rate on credits in Armenia didn’t change in November 2012 from October confirming 15%. ($1- 406.30 drams).—0-

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Russian president gives Yerevan-based Balchug Capital permission to buy Gazprom, Inter RAO, and LUKOIL shares from Goldman Sachs

Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

US dollar, euro and ruble up against dram

The average market exchange rate of the U.S. dollar to the Armenian dram at the end of March 14, 2025, amounted to 392.34 drams, up 0.6 points compared to March 14.

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

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