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

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 30 – April 5)

From March 30 to April 5, the Armenian financial market focused on exchange rate dynamics, the publication of March inflation data, the meeting of the Central Bank's management with the IMF mission, discussions of the reverse mortgage mechanism, the agreement between the CDA and UzCSD, and issues of disclosure by issuers in the capital market.

4.5% Inflation Recorded in Armenia in March

Twelve-month inflation in the Armenian consumer market in March of this year was 4.5%, according to a report from the Statistical Committee of Armenia.

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

External shocks are having little impact on Armenia so far, but investor caution will grow – INTERVIEW

Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 31, 2026, decreased by 0.38 points compared to March 30, to 377.16 drams.

LATEST NEWS

spot_imgspot_imgspot_img