Armenian business people not enthusiastic about idea of attraction of loans in Russian rubles

YEREVAN, November 18. /ARKA/. The idea of attraction of loans in Russian rubles has aroused little enthusiasm among Armenian business people, Arthur Javadyan, head of the Central Bank of Armenia, said Thursday while discussing the 2017 draft government budget with members of the National Assembly.

He said that commercial banks have offered loans in Russian rubles to entrepreneurs and negotiations have been held with Russian partners at the national level.

In his words, entrepreneurs were not inspired with this offer because of high interest rates.

“Besides, Russia’s currency is being stabilized now and it would be better for our economic entities not to run additional risks,” Javadyan said. –0—

spot_img

POPULAR

Acba Bank and Bank of New York Mellon launch partnership

Armenian Acba Bank is expanding its international partner network by partnering with one of the world's most respected financial institutions, The Bank of New York Mellon, the bank's press service reported.

Unibank issues USD bonds with a 5.6% yield

Unibank announces a new issue of USD bonds in the amount of 5 million USD.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

LATEST NEWS

spot_imgspot_imgspot_img