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

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Armenian dram strengthened against the dollar and the ruble, but weakened against the euro: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 28, 2026, fell by 0.15 points to 364.32 drams compared to August 27.

UATE Expo bonds worth over 763 million drams listed on AMX

UATE Expo LLC (UATE) is entering the capital markets by listing its bonds on the Armenian Stock Exchange (AMX), the exchange's press service reported.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

Euro and ruble exchange rates against the Armenian dram fell, while the dollar rose: Central Bank

Euro and ruble exchange rates against the Armenian dram fell, while the dollar rose: Central Bank

LATEST NEWS

spot_imgspot_imgspot_img