  CBA: Leader payment system threatens stability of Armenia’s financial system July 11, 2011 - 18:21 AMT PanARMENIAN.Net - The Council of Central Bank of Armenia (CBA) announced the permit for membership in Leader international payment system null and void at July 11 sitting. As the CBA press service reports, the Central Bank found out that starting from 2008, the Leader cjsc non-banking credit organization from time to time suspended service of some regional offices of the system bank-members operating throughout the territory of Armenia. Thereby, the Armenia’s membership in this system menaces stability of the financial system and (or) liquidity and (or) solvency.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Concept to complete Yerevan Cascade discussed at city hall  A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms.Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |
