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Tag: Chzmachyan

Chzmachyan says sharp devaluation of dram to favor exporters poses macroeconomic risks

Sharp devaluation of the dram, Armenia’s national currency that could open up new prospects for Armenian exports, carries significant macro-economic risks

Recent dram revaluation due to improvement of Armenia’s payment balance external account

The recent revaluation of the Armenian dram was due to the improvement of the external account of Armenia's payment balance, Smvel Chzmachyan, the head of the Union of Banks of Armenia, said in an interview with Zhamanak (Time)

Armenian banks cautious in lending money because of high mandatory reservation requirement

Armenian banks became cautious in lending money as the central bank doubled its requirement of mandatory reservation in foreign currencies, Samvel Chzmachyan, the chairman of the Union of Banks of Armenia said in an interview with Zhamanak

Sharp currency fluctuations not in the interest of Armenian banks at all – Chzmachyan

Sharp currency rate fluctuations are not in the interest of Armenia’s banks as they lead to higher risks that are less manageable

Chzmachyan: no sharp dive of armenian dram seen recently

Armenian national currency has not taken any sharp dive recently, Samvel Chzmachyan, chairman of the Union of Banks of Armenia, said Thursday