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

Armenian brokerage market until 2030: ARKA agency presented a study

The Armenian brokerage market continues to grow, but its future development will be determined not so much by the number of open accounts as by its ability to attract and retain active investors.

Central Bank of Armenia increased the countercyclical capital buffer for banks to 2.25%

The Board of the Central Bank of Armenia has decided to increase the countercyclical capital buffer for banks by 0.25 percentage points, setting it at 2.25% of risk-weighted assets.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 19–25)

The financial agenda in Armenia over the past week focused on the performance of the banking sector for the first nine months of 2026, the development of the bond market, and enhancements to financial regulation.

Yerevan’s own budget revenues exceed target by 3.6 billion drams over 9 months

As of September 30, 2026, Yerevan’s budget had received 75.7 billion drams in own revenues, surpassing the 72.9 billion drams projected for the January–September period, reported David Hakobyan, acting head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Ardshinbank and Ameriabank Account for Over Half of Armenian Banks’ Profit in First 9 Months

Ardshinbank and Ameriabank generated 50.81% of the total profit of Armenian banks from January to September 2026, according to an operational bulletin from the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img