{"id":83176,"date":"2014-12-24T15:20:08","date_gmt":"2014-12-24T15:20:08","guid":{"rendered":"https:\/\/armbanks.am\/2014\/12\/24\/242148\/"},"modified":"2024-12-15T13:15:38","modified_gmt":"2024-12-15T13:15:38","slug":"central-bank-lowers-reserve-requirement-in-foreign-currency-from-24-to-20","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/12\/24\/83176\/","title":{"rendered":"Central Bank lowers reserve requirement in foreign currency from 24% to 20"},"content":{"rendered":"<p><strong>YEREVAN, December 24. \/ ARKA \/.<\/strong> Armenia\u2019s Central Bank said today it had decided December 23 to lower the reserve requirement for local commercial banks in foreign currency from 24% to 20%, leaving the reserve requirement in the national currency, the dram, unchanged at 2%.<\/p>\n<p>A few days earlier (on December 17), the Central Bank doubled the reserve requirement in foreign currency from 12% to 24%, which prompted a sharp strengthening of the dram the next day. Thus, on December 18, the US dollar fell by 30.2 points against dram to 497 drams.<\/p>\n<p>Besides, on December 23 the regulator raised its key refinancing rate by 1.75 points to 8.5 percent in a bid to mitigate future inflationary pressures and encourage the return of inflation to the target band.<\/p>\n<p>The Central Bank has increased also the rate on borrowed funds from 5.25% to 7%. Earlier it had also reduced the Lombard REPO rate by 1 percentage point to 20%.\u00a0 -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s Central Bank said today it had decided December 23 to lower the reserve requirement for local commercial banks in foreign currency from 24% to 20%<\/p>\n","protected":false},"author":1,"featured_media":157472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15865,12490],"class_list":{"0":"post-83176","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-central-bank-2","10":"tag-currency"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/83176","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=83176"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/83176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157472"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=83176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=83176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=83176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}