Which amount of damage should be kept 5%? Tell the tourist to give you 50% of the cash in advance if he has 10 damaged or worn out money ... Bravo KB, always stay in a bank destroying such a country ... I will leave my opinion when I see something changed ...
They respond rudely to customer questions, such a low level of service is not appropriate for the Central Bank, Security staff are more friendly)
I bet one, because I want to take no credits, they say you have no history of loans, please tell me where is the logic? ????? If I lived without a loan for 32 years and now I want to take a loan for the first time, why do all banks in Yerevan refuse?
I would suggest updating the CB website. It loads very slowly. We have been writing for years, we say, without consequence.
I gave ten minutes to resolve my issue with VTB Bank. Where it can be clearly seen from the documents that the bank stole money from me. + it also requires money from me. For some reason, 3 cards were opened in my name, of which I had and still have one card in my hand, and there were two cards in the bank. From what should I pay for two more cards, for what? In an hour I am waiting for your answer. 14:00 I will publish throughout the republic that there is no hope for you as inspectors !!!
The regulatory and supervisory body of financial system in Armenia.
Visitors center has an interesting museum of Armenian dram. Must visit place both for tourists and locals.
What can I say about it? They do a lot of financial stuff.
The visitor center is very good. There is plenty to look at. The guides are also very knowledgeable.
It was interesting to listen to the history of AMD (Armenian Dram)
Central Bank of Armenia: Ensuring Financial Stability and Economic Growth
The Central Bank of Armenia is the country's main financial institution responsible for maintaining price stability, ensuring the stability of the financial system, and promoting economic growth. Established in 1993 after Armenia gained independence from the Soviet Union, it has since played a crucial role in shaping the country's economy.
The primary objective of the Central Bank of Armenia is to maintain price stability by keeping inflation under control. It achieves this through various monetary policy tools such as setting interest rates, regulating money supply, and managing exchange rates. By doing so, it ensures that prices remain stable over time and that people can plan their finances with confidence.
Another critical function of the Central Bank is to ensure financial stability by supervising banks and other financial institutions operating in Armenia. It sets prudential regulations to ensure that these institutions operate safely and soundly while protecting depositors' interests. The bank also acts as a lender of last resort during times of crisis when banks face liquidity shortages.
In addition to its regulatory functions, the Central Bank plays an active role in promoting economic growth by supporting small businesses and entrepreneurs through various programs such as credit guarantees and microfinance initiatives. It also works closely with other government agencies to develop policies aimed at creating a favorable business environment for investors.
One notable initiative undertaken by the Central Bank is its efforts towards digitizing payments systems in Armenia. In recent years, it has introduced several electronic payment systems aimed at reducing cash transactions' share in favor of digital payments. This move not only promotes transparency but also helps reduce transaction costs while increasing efficiency.
The bank also places great emphasis on financial education programs aimed at improving people's understanding of personal finance management principles such as budgeting, saving, investing wisely while avoiding debt traps.
Overall, The Central Bank plays an essential role in ensuring economic growth while maintaining price stability through prudent monetary policy measures coupled with effective regulation & supervision mechanisms over banks & other financial institutions operating within Armenian borders.
In conclusion,
The central bank serves as a cornerstone for any nation's economy; likewise "Central bank Of Armenia" has been playing an instrumental role since its inception towards achieving macroeconomic objectives like Price Stability & Financial Stability along with promoting sustainable Economic Growth via prudent Monetary Policy Measures coupled with Effective Regulation & Supervision Mechanisms over Banks & Other Financial Institutions operating within Armenian Borders; thus making it one among many reasons why investors should consider investing their capital into Armenian Economy which offers ample opportunities backed up by strong institutional support from entities like "Central bank Of Armenia".
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