Mon, 9 June
16.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenian regulator urges everybody not to disseminate disinformation and says banking system is stable

YEREVAN, May 3. /ARKA/. The Central Bank of Armenia, reacting to some people’s concern over the country’s banking system, issued a statement on Wednesday urging people not to spread disinformation about the state of the banking system.

The regulator says in its statement that, in accordance with the Constitution, the central bank is a nonpolitical, professional organization which has two key goals – stability of prices and financial stability.

In its statement, the central bank says that Armenia’s financial system is an accomplished system and banks have no problems with cash liquidity – their reserves are sufficient, as never before.

“More than that – we are calling on everybody to display restraint and not to disseminate disinformation,” the bank says. “All rumors and unconfirmed information prompt alarming behavior, which strikes at our citizens and their financial resources.”

The regulator says that it keeps things under control and has enough instruments for ensuring stability in Armenia’s financial system.

”We are calling on everybody to be calm and not to display alarming behavior as a result of disinformation,” the bank says.

Pashinyan also called on people block all roads, excluding roads to Artsakh.

On April 23, Serzh Sargsyan, who was appointed by the Armenian parliament as prime minister amid widespread disaffection for him, resigned under the pressure of mass protests against his premiership. On the same day, Armen Sarkissian, Armenian president accepted the government’s resignation.

Yesterday, the Armenian National Assembly didn’t elected Nikol Pashinyan as prime minister.
As many as 45 MPs voted for him, while 56 voted against.

The Armenian National Assembly failed today to hold its regular session because the number of members of the parliament was not sufficient to do it.
Of 105 MPs, 53 are necessary for any session, but only 27 came.
Vahe Enfiajyan, secretary of Tsarukyan bloc’s faction, said that the faction will boycott the session. –0—

spot_img

POPULAR

US dollar, euro and Russian ruble exchange rates down against  Armenian dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 15, 2025, decreased by 1.05 points compared to May 14 and amounted to 386.94 drams.

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Cryptocurrency can open up great opportunities for Armenia — Henri Arslanian

Cryptocurrency can open up great opportunities for Armenia, says HenrI ArslanIan, co-founder of Nine Blocks Capital Management, author of the bestselling books in the field of financial services "The Future of Finance" and "The Book of Cryptocurrency".

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

LATEST NEWS

spot_imgspot_imgspot_img