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

Euro and ruble exchange rates against the Armenian dram rise, dollar falls – Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram in Armenia's currency market fell by 0.04 points on October 9, 2026, compared to October 8, settling at 361.93 drams.

NVB Frontier Forum: Where global technology market and private capital meet in Yerevan

Space technologies, artificial intelligence, and private markets are gradually emerging as key areas for new investment opportunities.

Net inflow of remittances to Armenia from abroad doubled over 8 months

The net inflow of cross-border remittances to individuals in Armenia, received from abroad via the banking system of the Republic of Armenia, totaled $1.8 billion in January–August 2026, compared to $889.3 million in January–August 2025, according to a report by the republic's Central Bank.

Donate Blood, Save Lives: Idram&IDBank

To support the replenishment of necessary blood supplies and promote a culture of blood donation, Idram and IDBank have joined the voluntary blood donation initiative organized by the Yeolyan Hematology and Oncology Center.       

$284.4 million for housing for refugees from Artsakh and mortgage market development: Armenian parliament ratifies agreement with IBRD

The National Assembly of Armenia, at an extraordinary session on Monday, ratified loan and grant agreements totaling $284.4 million with the International Bank for Reconstruction and Development (IBRD, part of the World Bank Group).

LATEST NEWS

spot_imgspot_imgspot_img