About 10bln drams paid in Armenia in compensation for deposits in USSR Sberbank – Minister

YEREVAN, January 22. /ARKA/. The program of compensations for frozen deposits in USSR Sberbank for 2005-2013 has been completed and a total of about 10 billion drams was paid to registered citizens in the period, Armenia’s minister of labor and social affairs Artem Asatryan said Tuesday.

From 2005 to 2006, 62,000 people got registered for compensation, and the program was completed in 2013, the minister said in summarizing the 2013 results.

Asatryan also said the program will continue in 2014 and will cover people born before December 31 1929 that are socially insecure, disabled or have contributed to border protection operations.

On March 16, 2006, Armenia’s government approved the procedure for compensation for deposits in the country’s USSR Sberbank placed before June 10 1993. Compensations were paid only to beneficiaries included in the social benefits list in the period from July 1 2005 to April 1 2006. In the first stage a priority was given to citizens above 70 who were in the family social benefit lists. ($1 – 406.25 drams).–0–

spot_img

POPULAR

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

The assets of Armenia's banking system continue to dominate the country's financial system, accounting for approximately 82% of total assets, or approximately 12 trillion drams, said Martin Galstyan, Chairman of the Central Bank.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

Euro and dollar exchange rates against the Armenian dram rose, while the ruble weakened slightly: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 29, 2026, increased by 0.13 points compared to May 27, reaching 368.18 drams.

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

The average market exchange rate for the US dollar against the Armenian dram, as of May 27, 2026, increased by 0.31 points compared to May 26, reaching 368.05 drams.

Central Bank of Armenia expects inflation to return to the target level in the medium term

The Central Bank of Armenia expects inflation to return to the target level in the medium term, said Central Bank Chairman Martin Galstyan, answering a question from the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img