Tue, 10 June
25.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Central Bank of Armenia launches my financial month program

YEREVAN, September 30. / ARKA /. The Central Bank of Armenia has launched today a campaign, called “My financial month,” designed specially to help citizens raise their awareness of how to manage their personal finances.

“The purpose of this measure is to help the people raise the efficiency of managing their personal finances, because we believe that it is instrumental both for improving their living standards and addressing other social programs, as well as boosting financial intermediation”, said Armenak Darbinyan, a Central Bank Board member.

The campaign will embrace not only the capital city Yerevan but also all ten marzes (provinces). It consists of several parts: finance, designed for children, how to manage debts and loans, mortgages and other loans, types of insurance as well as bank deposits and how to manage them.

Samvel Chzmachyan, head of the Union of Armenian Banks, said on October 31, marked as World Savings Day, the majority of local banks will unveil special offers and will also provide advice on how to manage a bank deposit. More information about the campaign can be found at www.ABCfinance.am.

The campaign’s initiators are the Central Bank of Armenia, USAID, the office of Armenia’s financial ombudsman, the Deposit Guarantee Fund, Armenian Motor Insurers’ Bureau, the Union of Banks of Armenia , NASDAQ OMX Armenia, KfW German bank and others. -0-

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

LATEST NEWS

spot_imgspot_imgspot_img