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

Unibank and Picsart Academy Host Kids Day for Children

Unibank and Picsart Academy organized a special Kids Day, combining education and entertainment in an environment where technology meets creativity and imagination.

Exchange rates of the euro, ruble, and dollar against the Armenian dram have fallen – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.18 points to 363.34 drams on September 28, compared to September 25.

Financial literacy among children: Idram&IDBank

Did you know that, on average, only 11% of 15-year-old students in OECD countries demonstrate capabilities corresponding to the highest, 5th level of financial literacy?

IMF mission discusses macroeconomic issues and reforms with Armenian authorities

Armenian Deputy Prime Minister Tigran Khachatryan met with a delegation from the International Monetary Fund (IMF) mission, led by the IMF mission chief for Armenia, Nathan Porter, the Armenian government's press service reported.

EDB expects Armenia’s GDP to grow by 6% in 2026 amid high economic activity

The Eurasian Development Bank (EDB) expects Armenia's GDP to increase by 6% in 2026, according to the bank's weekly macro-review.

LATEST NEWS

spot_imgspot_imgspot_img