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Tag: dollarization

Dollarization and depreciation hurt CIS banks

Banks
YEREVAN, May 13. /ARKA/. Banks with highly dollarised balance sheets in CIS countries and Georgia are being hurt by...

Dollarization level in Armenia saw no change last year: Ashot Osipyan says

Exchange market
The level of dollarization in Armenia did not see any significant change last year, Ashot Osipyan, the chairman of the Union of Banks of Armenia

Dollarization of deposits- 68,8%, credits- 63,4% in Armenian banks- Newspaper

Banks
Dollarization of banking deposits in Armenia climbed by 0.5 p.p. to 68.8%, and of credits- by 0.7 p.p. to 63.4%, Orakarg newspaper (Agenda) reports on Wednesday

Central Bank: dollarization in Armenia believed to abate this year

Banks
The Central Bank of Armenia says in its monetary policy program for the first quarter of this year that dollarization in the country’s money stock is expected to subside 4.2% in 2012.

CBA: Dollariztion Level Reduced To 66-67% In Armenia

Exchange market
At present, dollarization level in Armenia is 66-67% instead of 70-71% in 2010.

Armenian Central Bank intends to curb dollarization in 2010

Economy
The Central Bank of Armenia will concentrate its efforts on curbing dollarization in 2010, Vahe Vardanyan, chief of the central bank’s division on financial stability.

Armenian premier: Curbs on dollarization to create favorable environment for combating inflation

Economy
Curbs on dollarization will create favorable environment for combating inflation, Armenian Prime Minister Tigran Sargsyan said Wednesday in National Assembly.

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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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