Central Bank of Armenia does not rule out new restrictions in the financial and banking system in the context of anti-Russian sanctions

YEREVAN, August 2. /ARKA/. Asked by Arka news agency whether new restrictions are possible in Armenia’s  financial and banking market because of  anti-Russian sanctions,  Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia, said “everything is possible.”

“We are trying to design our payment and settlement systems in such a way so that our citizens continue  receiving these  services. I believe that we have succeeded in this, as citizens, mainly in terms of using the financial system, have not faced any disruptions,” he said at a press conference on Tuesday.

On reports about the restriction of money transfers through the Unistream system, Nurbekyan said that in Armenia about six banks and some payment and settlement systems work with the Unistream system accepting money transfers in Russian rubles and Armenian drams.

Earlier, a number of Armenian banks said they stopped  processing  money transfers in foreign currency via Unistream. -0-

spot_img

POPULAR

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

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