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Tag: BRICS

New Development Bank not to compete with IMF, Brazil’s Rousseff says

Economy
BRICS (Brazil, Russia, India, China and South Africa) is not aimed against any organization, and the New Development Bank they have created is not going to compete with the IMF, President of Brazil, Dilma Rousseff, said today, according to RIA Novosti news agency

BRICS central banks interested in Greece’s participation in projects with new bank of development

Banks
BRICS countries have begun consultations on creating a multi-lateral payment system similar to SWIFT, Russian Deputy Foreign Minister Sergey Ryabkov told RIA Novosti in an interview

BRICS EYE forex reserves pool of up to $240 billion

Economy
Leading emerging market countries are discussing pooling up to $240 billion in foreign exchange reserves to protect themselves from short-term liquidity pressures

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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