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Daily Archives: Dec 8, 2015

Private transfers from Russia to Armenia shrink 38% to $769.6 million in Jan-Oct 2015

Private transfers from Russia to Armenia shrank 38% in Jan-Oct 2015, compared with the same period a year earlier, to $769.6 million, the Central Bank of Armenia reports on its official website

Stable prices and macroeconomic environment to reduce dollarization in Armenia – regulator

Stability of prices and general macroeconomic environment are the only ground for dollarization reduction and enhancement of confidence in the national currency in Armenia, the central bank's monetary policy department reports

Armeconombank and BTA Bank (Armenia) merging

Armeconombank and BTA Bank (Armenia) intend to merge, the press office of Armeconombank reported on Tuesday

Interests on short-term loans in Armenia down 1.34 percentage points to 16.54%

Interest rates on short-term loans extended by Armenia's banks in drams went 1.34 percentage points down to 16.54% in October, according to the central bank's report