Sat, 27 September
18.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Armenian central bank vows to ensure price and financial stability in context of coronavirus

YEREVAN, March 9. /ARKA/. The impact of coronavirus on the global economy and the Armenian economy will be short-term, according to the Central Bank of Armenia. It said it was closely monitoring the developments in the global economy in connection with the coronavirus.

“According to current estimates, the impact is expected to be short-term both on the global economy and on the Armenian economy,” the Central bank said.

Nevertheless, the Central Bank is monitoring changes in the global economy and developments in the financial and commodity markets, as well as evaluates the short-term effects that may affect the Armenian economy.

“If necessary, the Central Bank is always ready to respond by ensuring price and financial stability in Armenia,” the CB commented to “Armenpress” news agency.

The number of countries in which cases of infection with a new coronavirus were recorded exceeded 100. The first confirmed case in Armenia was reported on March 1. A 29-year-old Armenian citizen, who arrived in Yerevan from Tehran on February 28, tested positive for the disease. The wife of the man who arrived with him from Iran tested negative. Thirty-one 31 people who had contact with the infected man were isolated in a hotel in Tsaghkadzor. –0-

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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

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

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.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img