Reserve fund exhausted – Armenian finance minister

YEREVAN, September 3. /ARKA/. Armenian Finance Minister Atom Janjughazyan said Thursday at a regular government meeting that the reserve fund has been exhausted.

The minister announced this in the context of the pending issue on the procurement of protective equipment for educational institutions.

“I would like to inform that if a decision is made in this form, there will be a problem of implementation, because the reserve fund is currently under load. I ask you to find solutions to replenish the reserve fund before signing,” Janjughazyan said.

The project proposes to allocate 646.8 million drams (about $ 1.3 million) to purchase protective equipment for students. -0-

spot_img

POPULAR

Central Bank of Armenia unveils two more draft regulations for cryptoasset regulation for public discussion

YEREVAN, August 13. /ARКА/. The Central Bank of Armenia has unveiled two more draft regulations for public discussion.

Acba Bank has issued over 1 million cards, solidifying its leadership in Armenia

YEREVAN, August 17. /ARKA/. For more than five years, Acba Bank has held the top spot in the Armenian card market. As of May 2026, the total number of cards issued by the bank surpassed 1 million, as reported by the bank's press service.

US dollar, euro, and ruble drop against Armenian dram

YEREVAN, August 18. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of August 18, 2026, fell by 0.25 points to 365.25 drams compared to August 17.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 10-16)

YEREVAN, August 17. /ARKA/. Armenia's financial agenda last week focused on setting up payment and cryptocurrency infrastructure, capital market activity, and the parameters of the next stage of universal health insurance.

US dollar and ruble drop against Armenian dram      

YEREVAN, August 17. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market, fell by 0.32 points on August 17, 2026, compared to August 14, to 365.82 drams.

LATEST NEWS

spot_imgspot_imgspot_img