Justice to be established – interests to be paid to Armenian depositors for first day

YEREVAN, January 23. /ARKA/. The National Assembly of Armenia amended Thursday at the first reading the Civil Code. Thanks to the amendment, depositors will have interests also for the first day of their deposits.

Artak Manukyan, an MP from My Step parliamentary faction and co-author of the bill, said that the aim of the initiative is to establish justice.

“Depositors before had no income for the day their deposits were formalized,” he said. “Besides, the banking sector has an opportunity to receive money for this day from the central bank. By this project we’ll try to restore justice, and depositors will get an opportunity to receive money for that day.”

The lawmaker said referring to calculations that if the law had come into force on January 1, 2020, depositors would had received extra AMD 320 million (around $668,000) already.

Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, on his side, said that the government will support this alteration. -0—

spot_img

POPULAR

Byblos Bank Armenia launches new exclusive campaign for Mastercard World cardholders

YEREVAN, April 6. /ARKA/. Byblos Bank Armenia has announced the launch of a special campaign exclusively for the Bank’s Mastercard World cardholders.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

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.

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.

Euro and ruble rise against Armenian dram, while USD declines slightly

As of April 6, 2026, the average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market, decreased by 0.36 points from April 3, settling at 376.62 drams.

LATEST NEWS

spot_imgspot_imgspot_img