Central Bank of Armenia struggles against dollarization

Central Bank of Armenia struggles against dollarization

PanARMENIAN.Net - At March 16 sitting, CBA Board Council, led by bank’s President Artur Javadyan introduced changes and additions to a document on regulations and guidelines for banking activities.

Starting April 14, 2010, part of foreign currency investments will be subject to mandatory AMD reservation in AMD, bank’s press service reported.

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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.
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