There is a problem with cash in Artsakh

YEREVAN, August 7. /ARKA/. There is a big shortage of cash in Artsakh (Nagorno-Karabakh) due to the blockade by Azerbaijan, Artsakhpress news agency reported citing the Ministry of Finance and Economy.

“For the implementation of social programs approved by the government, payment of salaries and pensions and ensuring internal circulation of cash, we ask the citizens to cash out money from bank accounts as needed (restriction on cashing out has also been introduced), and keep free cash in bank accounts,” the ministry said.

The Lachin Corridor, the only road linking Nagorno-Karabakh with Armenia and the rest of the world has been closed by Azerbaijan since last December 12, leading to a humanitarian catastrophe, with supplies being halted, shelves empty, and medicine unavailable.

Late last month Armenia sent approximately 400 tons of vital humanitarian aid but the convoy of 19 trucks has been unable to reach the Armenian population due to the blockade.

The International Court of Justice and the European Court of Human Rights (ECHR) ordered Azerbaijan to open the corridor, however, despite the court’s order, the corridor has not been opened by Azerbaijan.

Nagorno-Karabakh children are among the most vulnerable victims, suffering due to the severe shortage of food and basic medicine. Elderly individuals are not receiving the support they need, as there are no supplies available.

The crisis has left the region without transportation options, as there is no petrol, and people are forced to wait for hours in long queues, just to purchase a single loaf of bread for their families. Natural gas and electricity supplies from Armenia were also disrupted by Azerbaijan.-0–

spot_img

POPULAR

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.

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 0.27 points on October 2 compared to October 1, settling at 362.55 drams.

Central Bank of Armenia and IMF Discuss Macroeconomic Situation and Financial System Reforms

A concluding meeting took place at the Central Bank of Armenia with an IMF delegation led by Mark Horton, the IMF mission chief for Armenia.

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?

Central Bank of Armenia will issue a commemorative silver coin for the COP17 conference

On October 5, Armenia will issue a commemorative silver coin titled "COP17," dedicated to the 17th Conference of the Parties to the UN Convention on Biological Diversity, the Central Bank of Armenia’s press service reports.

LATEST NEWS

spot_imgspot_imgspot_img