Some 887 million drams raised to support Armenian government‘s efforts to contain spread of coronavirus

YEREVAN, April 11. /ARKA/. Some 887 million drams (over $1.8 million) have been raised so far to support the Armenian government’s efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported.

To that end the ministry has opened a special treasury account. The ministry said a total of 3,382 donations were made.

The ministry said to ensure public accountability and transparency, it will be regularly informing citizens about the amount of funds received and the areas covered. The recipient is the Central Treasury of the Republic of Armenia. The Treasury Account Number: 900005001947. The ministry said when making a donation, the purpose should be indicated as “Support for the fight against coronavirus disease.”

It said the raised funds will be spent on encouragement of health workers, the acquisition of medical supplies and equipment, as well as improving the conditions in medical facilities.

On March 16 Armenia declared a 30-day state of emergency to contain the spread of coronavirus. Later, it imposed stringent restrictions on free movement of citizens and banned also some types of economic activity until April 12 inclusive.

As of April 10, 937 confirmed cases of coronavirus were recorded, 149 patients have recovered and 123 people died. -0-

spot_img

POPULAR

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

Byblos Bank Armenia joins FinTech Armenia as Founding Member

Byblos Bank Armenia has joined FinTech Armenia Association as a Founding Member, marking a significant milestone in the Bank’s ongoing efforts to drive digital transformation and innovation within the financial sector.

Euro and dollar exchange rates fall against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 15, 2026, decreased by 0.71 points compared to April 14, to 374.48 drams.

Unibank issues USD bonds with a 5.6% yield

Unibank announces a new issue of USD bonds in the amount of 5 million USD.

LATEST NEWS

spot_imgspot_imgspot_img