Mon, 16 June
18.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenian police arrest two counterfeiters

YEREVAN, June 19, /ARKA/. Armenian police provided details of the detention of two men suspected of selling counterfeit, home-printed banknotes.

According to the Police, the suspects are a 42-year-old resident of Yerevan and a 34-year-old man from the village of Yeraskhun in Armavir province. They are suspected of producing and selling fake banknotes with the face value of 5000 drams.

The police posted a video on their website, in which a man buys fruit giving the seller an obviously counterfeit banknote. The seller seeing that the banknote I not real starts chasing him, but not for long.
The man was ambushed by policemen and detained. He had on him 9 fake 5000 drams banknotes.

It turned out that he had purchased banknotes from a 35-year-old resident of the village of Yervaskhun at a price several times lower than the nominal value. The seller of fake banknotes was also detected and detained.

A criminal case was initiated. The police searched the men’s apartments finding printing equipment and special paper, which were also confiscated. –0–

spot_img

POPULAR

Average annual exchange rate of Armenian dram to US dollar  projected at 402 drams in 2025 – EDB

The value of the Armenian dram will decrease slightly in 2025, and its average annual exchange rate to the US dollar is projected at 402 drams in 2025, according to the Eurasian Development Bank’s (EDB)   macroeconomic forecast for 2025-2027.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Central Bank leaves refinancing rate unchanged taking into account high uncertainty in US economic policy

The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as  the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and  a possible  weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.

Technological Gaps and Lack of Open Banking Stalling Armenia’s Investment Market- Director of Sirius Capital

The technological underdevelopment of the stock exchange and the lack of open banking are hindering the development of the investment market in Armenia, says Ararat Mkrtchyan, executive director and managing member of the investment company Sirius Capital.

Investment opportunities in Armenia discussed by Finance Minister and new ADB President

YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.

LATEST NEWS

spot_imgspot_imgspot_img