{"id":92303,"date":"2015-10-26T15:09:24","date_gmt":"2015-10-26T15:09:24","guid":{"rendered":"https:\/\/armbanks.am\/2015\/10\/26\/243733\/"},"modified":"2024-12-15T13:20:41","modified_gmt":"2024-12-15T13:20:41","slug":"amount-of-government-insured-private-deposits-in-armenias-banks-increased-2-5-times","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/10\/26\/92303\/","title":{"rendered":"Amount of government-insured private deposits in Armenia&#8217;s banks increased 2.5 times"},"content":{"rendered":"<p><strong>YEREVAN, October 26. \/ARKA\/.<\/strong> On Monday, the Armenian National Assembly passed at the final reading a law that raises the amount of government-insured private deposits in Armenia&#8217;s banks about 2.5 times to AMD 10 million against the present 4 million for dram deposits and AMD 5 million against the current 2 million for deposits in foreign currencies.<\/p>\n<p>The following scheme is designed for dram and foreign currency deposits: if a dram deposit exceeds AMD 5 million, only the mentioned amount will be insured, if a dram deposit is less than AMD 5 million, it will be fully insured plus a part of a foreign currency deposit, i.e. difference between the dram deposit and AMD 5 million.<\/p>\n<p>The law comes into force in ten days after its official publication.<br \/>\nThe Central Bank of Armenia says the increase of the amount of government-insured private deposits 2.5 times will allow insuring 95% of Armenian depositors&#8217; deposits.<\/p>\n<p>Taking into account developments in Armenia&#8217;s banking sector throughout last five or six years, when large amounts were lent and deposited, the regulator is convinced that this legislative step was necessary and demanded.<\/p>\n<p>It also should be mentioned that the size of the bulk of deposits in Armenia is close to the insured amount.<br \/>\nThe central bank says this legislative change will make it possible to insure 40% of the amounts deposited by individuals against the present 25-27%.<\/p>\n<p>According to the National Statistical Service of Armenia, deposits of Armenian residents in the country&#8217;s banks totaled AMD 1 422.1 billion in August 2015 (0.8% month-on-month decline). Their deposits in drams amounted to AMD 497.5 billion (3% decline) and deposits in foreign currencies AMD 924.5 billion (0.4% growth). ($1 \u2013 AMD 469.79). &#8212;-0&#8212;&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, the Armenian National Assembly passed at the final reading a law that raises the amount of government-insured private deposits in Armenia&#8217;s banks about 2.5 times to AMD 10 million against the present 4 million for dram deposits and AMD 5 million against the current 2 million for deposits in foreign currencies<\/p>\n","protected":false},"author":1,"featured_media":169379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12758,15837,12163,12164],"class_list":{"0":"post-92303","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-amount","10":"tag-armenia-2","11":"tag-banks","12":"tag-deposits"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/92303","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=92303"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/92303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/169379"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=92303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=92303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=92303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}