 Armenia moves to ban foreign currency home loans March 22, 2023 - 13:02 AMT PanARMENIAN.Net - Armenia has decided to ban foreign currency mortgages. The National Assembly on Tuesday, March 22 approved amendments to the law, which were submitted by lawmaker Gevorg Papoyan from the ruling Civil Contract party. The deputy noted that the political majority is intending to fight against "dollarization" and "currency mentality" more decisively, given the need to ensure stability in the financial system and the risks causing economic, political and financial instability observed in the world. Deputy Chairman of the Central Bank Hovhannes Khachatryan supported the decision, maintaining that the legislative initiative will allow Armenian citizens to avoid difficulties in the future. Under new regulations, residents who don’t have foreign currency incomes should not receive loans in foreign currency.   Top stories 938 Russian citizens have registered in Armenia as private entrepreneurs between February 24 and March 22 Vahan Kerobyan said Armenia will most probably introduce a ban on the sale of Turkish products as well. According to Vahan Kerobyan, a sharp decline in the travel industry was recorded last year, but now the situation has changed Mher Grigoryan added that the government will ensure that the borrowed funds are spent efficiently.   Partner news |  Latest news Yerevan says will respond in kind if Azerbaijan doesn't leave Armenian soil  Alen Simonyan said if the Azerbaijani military does not withdraw from Armenian territory, Armenia will respond in kind.EU hopes Armenia, Azerbaijan will confirm political will to normalize ties Charles Michel said he will have a "very important meeting" on June 1 with Ilham Aliyev and Nikol Pashinian.Exclusive novelties, best bands, Armenian culture: Armenia Wine to join Yerevan Wine Days The beloved Yerevan festival will take place this year on June 2, 3 and 4, on Saryan Street.Karabakh slams statement from U.S. as “disappointing” The Foreign Ministry of Nagorno-Karabakh (Artsakh) on Wednesday, May 31 slammed remarks from a U․S․ State Department Spokesperson. |
