Mon, 27 January
-4.9 C
Yerevan
USD: 398.97 RUB: 4.07 EUR: 418.48 GEL: 138.43 GBP: 495.92
spot_img

Armenian central bank chairman quits office but to continue working at financial and banking system

YEREVAN, June 11. /ARKA/. Arthur Javadyan, the present chairman of the Central Bank of Armenia, is leaving his post, but will remain in the financial and banking system of the country, Prime Minister Nikol Pashinyan said at a government meeting on Thursday.

On June 15, Javadyan’s term in office as the head of the Central Bank expires; at this post he will be replaced by Martin Galstyan, a member of the central bank’s board, who was elected the new chairman of the Central Bank on April 17.

The prime minister thanked Javadyan for his work in office, outlining his contribution to the establishment of the country’s banking system.

“The years of your leadership were quite turbulent for the central bank, which proved to be an active organization, ensuring the stability of the financial system and prices in Armenia. You will continue to remain in our common business, and about that we will make a decision very soon,” the premier said, adding that as chairman of the central bank, Javadyan is present at the government meeting for the last time.

Pashinyan also introduced to the government members the newly appointed Police Chief Vahe Ghazaryan, Director of the National Security Service Argishti Karamyan and Chairman of the State Revenue Committee Edward Hovhannisyan. – 0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

US dollar, euro and ruble rise in Armenia for the second day in a row

The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

Pashinyan holds meeting on regulation of crypto-assets

Armenian Prime Minister Nikol Pashinyan chaired a meeting to discuss a draft law designed to regulate the field of crypto-assets.

EDB: Armenia increasingly likely to complete tcycle of refinancing rate cuts in first quarter

The Eurasian Development Bank (EDB) forecasts a further acceleration in price growth in the coming months, with inflation expected to align closely with the target of the Central Bank of Armenia (3% ±1%).

Armenia’s banking system reports a profit of 363 billion drams in 2024

The profit of Armenia's banking system for 2024 amounted to approximately 363 billion drams, according to the Union of Banks of Armenia (UBA).

ПОПУЛЯРНЫЕ ТЕМЫ

Armenia’s state debt at the end of September 2024 exceeded 2023 figure by 5.5% – Finance Ministry

Armenia's state debt as of the end of September 2024 stood at $12.5 billion, exceeding the previous year's figure by 5.5%, Armenian Finance Minister Vahe Hovhannisyan said.

Armenia extends program of subsidizing interest rates on loans for grape purchase by six months

Today, the Armenian government extended by six months the state program of subsidizing interest rates on loans issued to farms for the purchase of grapes.

EDB: Armenia increasingly likely to complete tcycle of refinancing rate cuts in first quarter

The Eurasian Development Bank (EDB) forecasts a further acceleration in price growth in the coming months, with inflation expected to align closely with the target of the Central Bank of Armenia (3% ±1%).

Armenia’s 2025 public debt payments to exceed $2.4 billion; Minister plans dollar loan increase

According to the schedule for repaying the state debt in 2025, Armenia is set to repay approximately $1.6 billion in principal and around $780 million in interest payments, said Armenian Finance Minister Vahe Hovhannisyan.

Armenian central bank approves merger of Armenian Development Bank and Araratbank

The Central Bank of Armenia has approved a merger agreement concluded by the Armenian Development Bank and Araratbank. The Central Bank registered the agreement on 15th of December

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Acba Bank donates amd 130 million to Military Insurance Fund (video)

Acba bank and other members of the financial group - ACBA Leasing and Amundi-ACBA - have donated more than AMD 130 million to Armenia's Military Insurance Fund in recent months, the press service of the bank reported

Head of Central Bank explains reason for AMD revaluation

The currency exchange rates in Armenia are shaped by supply and demand, Chairman of the Central Bank Martin Galstyan said in an interview with Public Television of Armenia, in response to a question about the revaluation of the Armenian dram after the arrival of thousands of Russian nationals after the start of the Russian-Ukrainian war.

LATEST NEWS

Popular Categories

spot_imgspot_imgspot_img