{"id":66873,"date":"2013-11-28T14:43:20","date_gmt":"2013-11-28T14:43:20","guid":{"rendered":"https:\/\/armbanks.am\/2013\/11\/28\/239849\/"},"modified":"2024-12-15T13:08:33","modified_gmt":"2024-12-15T13:08:33","slug":"armenias-central-bank-registers-export-insuring-agency","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/11\/28\/66873\/","title":{"rendered":"Armenia\u2019s Central Bank registers export insuring agency"},"content":{"rendered":"<p><strong>YEREVAN, November 28. \/ ARKA \/.<\/strong> The Central Bank of Armenia said today it has registered an insurance company called CJSC Export Insuring Agency. The Central Bank granted the company a license for &#8220;credit insurance.&#8221;<\/p>\n<p>The government decision to establish an agency for insuring exports was made on October 17. The new government body will have about 2 billion drams capital.<\/p>\n<p>Earlier finance minister David Sargsyan said this amount would be allocated from the sale of the first-ever Armenian Eurobonds.<\/p>\n<p>According to the government decision, the agency will have 1.5 billion drams of authorized capital, which is the equivalent of 150,000 ordinary bonds with a nominal value of 10,000 drams each. The remaining 450 million drams will be channeled into creating a reserve fund.<\/p>\n<p>The agency\u2019s shares which are fully owned by the government will be managed by the ministries of economy, finance, foreign affairs, agriculture and energy and natural resources.<\/p>\n<p>The agency will focus its activities on insurance of exporters or their financing banks against the risk of non-payment by the borrower \/ buyer, as well as on lowering export rates. ($1 \u2013 403.92 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Armenia said today it has registered an insurance company called CJSC Export Insuring Agency. The Central Bank granted the company a license for &#8220;credit insurance.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":157156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,12149,9216],"tags":[15837,12361,12509,414],"class_list":{"0":"post-66873","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-insurance-market","9":"category-news","10":"tag-armenia-2","11":"tag-cba","12":"tag-insurances-companies","13":"tag-414"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/66873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=66873"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/66873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157156"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=66873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=66873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=66873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}