Thu, 27 February
-1.9 C
Yerevan
USD: 393.51 RUB: 4.60 EUR: 413.07 GEL: 139.99 GBP: 497.59
spot_img

Chairman of Armenian central bank expected to resign – newspaper

YEREVAN, October 12. /ARKA/. Arthur Javadyan, chairman of the Central Bank of Armenia, is expected to submit his resignation soon, Zhoghovurd (People) reports.

Javadyan has been holding office since May 2008, and experts consider him as skilled specialists.

He succeeded Tigran Sargsyan in 2008, when the latter left the office for the prime-ministerial seat.

In 2014, Javadyan was re-elected as central bank chairman. His term in office expires in three years and six months.

Chairmen are elected by the regulator’s board for six years, and one person can’t be re-elected more than twice.

The newspaper asked comments from the central bank, but was told that this is no more than a rumor. –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s 1.7% inflation in January was the highest since April 2023 – WB

Inflation in Armenia rose to 1.7 percent (yoy) in January 2025, the highest yoy rate since April 2023, acording to the World Bank's “Armenia Monthly Economic Update - February 2024”.

Loans and deposits of Armenian banks grew in December due to AMD funds – WB

In December, commercial bank deposits and credits in Armenia grew 4.6 and 3.9 percent (mom), respectively, both driven by AMD-denominated funds, according to 'Armenia Monthly Economic Update – February 2024'.

Unibank issues shares worth 3.9 billion drams

Unibank announced a new issue of common shares. The bank plans to place 10 million shares for a total of 3.9 billion drams at the placement price.

Armenia should develop technologically: Eeqwefy CEO on economic challenges and new opportunities

The investment environment in Armenia continued to develop over the past year, despite global economic challenges.

LATEST NEWS

spot_imgspot_imgspot_img