Sat, 1 February
7.1 C
Yerevan
USD: 397.35 RUB: 4.04 EUR: 412.25 GEL: 139.06 GBP: 493.31
spot_img

Armenian government earmarks 1.2 billion drams as compensation for depreciated soviet time bank deposits

YEREVAN, November 7. /ARKA/. The draft budget of the Armenian government for 2019 has earmarked 1.2 billion drams to be paid as compensation for Soviet time depreciated bank deposits.

According to acting deputy minister of labor and social affairs Arsen Manukyan, the compensation will be paid to those citizens who were born before December 31, 1933, as well as to social groups stipulated by a special law.

The procedure for the payment of the depreciated bank deposits was approved by a law adopted in 2006. The law applies to those deposits that were placed before June 10, 1993.

The compensations are paid only to those persons who, from July 1, 2005 to April 1, 2006, were included in the lists of families eligible to social benefits. The first in row are persons over 70. ($1 – AMD 487.88). –0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

US dollar rate down 0.35 points to 397.92 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

LATEST NEWS

spot_imgspot_imgspot_img