Sun, 27 July
25.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Central bank comments on allegation about imminent default in Armenia

YEREVAN, December 18. /ARKA/. Arthur Stepanyan, a member of the board of the Central bank of Armenia, in response to the media outlets that have disseminated the allegation that the Armenian national currency will plunge 20% and the country will face default in January, said Tuesday that neither default nor devaluation are expected in Armenia, and such allegations are illogical and groundless.

He told journalists that things in the county are more than stable now.

On day earlier, the central bank denied the allegation released by Zhamanak with reference to the newspaper’s sources close to the authorities and disseminated by certain media sources.

Harut Kbeyan, the regulator’s spokesman, said on his Facebook page that the aim of such fictions is to create adverse outlooks.

He urged media sources not to generate “bestsellers” connected with inflation, foreign exchange rates, reserves, deposits, loans and the financial system.

“Today Armenia’s financial system is firm and stable, and all artificial comments on the above-mentioned themes can create groundless outlooks, which are not relevant in terms of long-term development of the country,” he said. -0—

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img