Wed, 2 July
24.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Two Gyumri residents detained for using counterfeit money, one posed as woman

YEREVAN, December 20. /ARKA/. Gyumri police have detained two local residents who attempted to pay for a taxi ride with counterfeit bills.

According to the department’s website, a 20-year-old woman and an 18-year-old man were caught red-handed on December 17 when they tried to pay for a purchase at a kiosk with a counterfeit 5,000 dram banknote. They have already confessed to the crime.

It was also reported that, at the time of the arrest, the young man was dressed in a woman’s dress and wearing a wig. The investigation is ongoing.

The activities of the criminal group came to light on November 9. A taxi driver filed a report after the scammers tried to pay him with a counterfeit bill. Suspecting the money was fake, the driver demanded real currency. The scammers then fled, leaving behind a bag containing counterfeit banknotes of 10,000 and 2,000 drams. (Note: $1 = 394.91 drams).

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img