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Tag: Bagratyan

MP says Armenia’s central bank spends from $1 billion to $1.5 billion a year to shore up national currency

Exchange market
Armenia’s Central Bank has to spend from $1 billion to $1.5 billion a year to shore up the exchange rate of the national currency, the dram, ex-prime Hrant Bagratyan said today

Armenian dram may drop by another 15-20% in the next months – newspaper

Exchange market
The Armenian dram may further drop – by another 15-20% in the next months, provoking a new inflation wave, former prime-minister of Armenia, member of the National Assembly Hrant Bagratyan said in his interview to Zhamanak (Time) newspaper

Presidential nominee Bagratyan to cut farm loan interest rates if elected

Economy
Candidate for Armenia’s president, former prime-minister Hrant Bagratyan plans to achieve one-and-a-half-time reduction in interest rates on agricultural loans if elected

At least 90% of money at pension funds should be channeled into development of public infrastructure: presidential candidate says

Capital market
At least 90% of money accumulated at pension funds should be channeled into development of public infrastructure through the issuance of long-term government bonds with reasonable return

Armenian Central Bank chairman may sue former premier for insulting regulator’s employee

Banks
On Thursday, Arthur Javadyan, chairman of the Central Bank of Armenia, said that the regulator may sue those persons who insult its personnel.

Former premier: monopolies’ dominance in Armenia bars inflation from subsiding

Economy
Hrant Bagratyan, a former Armenian prime minister, finds it necessary to phase out impacts of monopolies on markets to tame inflation.

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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