Law-enforcement authorities detain two men suspected of selling fake euros

YEREVAN, April 30. / ARKA /. Armenia’s law-enforcement authorities have detained two men suspected of selling a large batch of fake euros as part of a criminal case, being handled by the Investigative Committee’s branch in the town of Ararat, the administrative center of the same name province.

According to a news release by the Investigative Committee, a chief accountant of a bank branch in the town reported to local law enforcement bodies that an unknown man had exchanged eighteen 500 euro worth banknotes at the branch from 25 to 30 March.

Acting on the report, the law-enforcement bodies opened a criminal case under part 3 of Article 202 of the Criminal Code of Armenia (preparation, storage or sale of counterfeit money in especially large amount).

As a result of a string of operative measures the law-enforces managed to identity the person, who sold fake euro banknotes and also where he obtained them from.

According to the investigation, the fake euros were brought to Armenia from Greece by a forwarding company and acquired by the man, a 28 year-old resident of the town.

He gave the banknotes to another Armenian citizen for exchanging them for drams. The Investigative Committee said the inquiry into the case continues. M.V. -0-

spot_img

POPULAR

Armbanks Weekly Digest: key events of the financial market of Armenia (November 2–8)

Armenia's financial agenda last week focused on tightening monetary policy, regulating bank liquidity and discussing public debt parameters.

Ranking of Armenia’s Largest Credit Organizations by Assets as of September 30, 2026

The ARKA agency has published a ranking of Armenia’s largest credit organizations by asset volume as of September 30, 2026.

Assets of Armenian credit organizations exceed 915.92 billion drams, up 6.36% since the beginning of the year

As of September 30, 2026, the total assets of Armenian credit organizations reached 915.92 billion drams an increase of 1.19% during the third quarter and 6.36% since the beginning of the year.

Net profit of Armenian credit institutions fell by 26.62% over the first 9 months, to 30.27 billion drams

The aggregate net profit of credit organizations in Armenia for the period from January to September 2026 totaled 30.27 billion drams, down 26.62% from the 41.26 billion drams recorded during the same period in 2025.

Armenian Government Approves Agreements with EBRD for Construction of Two Customs and Logistics Centers Worth €57 Million

Approximately €57 million in loan and grant funds from the European Bank for Reconstruction and Development (EBRD) has been allocated for the construction of customs and logistics centers in Yerevan and Armenia’s Syunik Province.

LATEST NEWS

spot_imgspot_imgspot_img