No common currency discussions held in Customs Union: CBA board member

YEREVAN, February 25. /ARKA/. The Customs Union countries are not considering introduction of a single currency, member of the Central Bank of Armenia board Artur Stepanyan told a press conference Monday.

There were various limitations in currency policies of CU-member countries and harmonization is needed, Stepanyan said.

Russian ruble has influence on Armenian dram due to strong economic ties between the countries, and it will not increase much after joining the CU, he said.–0–

spot_img

POPULAR

”Teach For Armenia” is the June beneficiary of the ”Power of One Dram”

The May beneficiary of the ''The Power of One Dram'' initiative was the ''Vahe Meliksetyan'' Foundation.

Central Bank: Armenia’s international reserves exceed record $5.7 billion

Armenia's international reserves have reached a record high, exceeding $5.7 billion, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia.

Reverse mortgages for pensioners and new property rights for spouses are being introduced in Armenia

At its session on Thursday, the National Assembly of Armenia adopted in the first reading amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

Central Bank of Armenia maintains the refinancing rate at 6.5% for the fifth consecutive time

At its meeting on June 16, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the fifth consecutive time, the regulator's press service reported.

Armenia to increase participant limit for private investment funds from 49 to 99

The National Assembly of Armenia adopted an amendment to the law "On Investment Funds" in its first reading at its session on Thursday.

LATEST NEWS

spot_imgspot_imgspot_img