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

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

Unibank to Raffle a Trip to Italy

Unibank announces the launch of a special campaign, "More Opportunities with Unibank Mastercard World Travel Card."

LATEST NEWS

spot_imgspot_imgspot_img