Armenian central bank law to strengthen dram

A central bank of Armenia law enacted on 28 June on hard currency regulation and hard currency supervision, seeks to strengthen the position and significance of Armenia's national currency, the dram.

Under the new law all prices for all types of goods and services must be fixed in Armenian dram. It also demands that commercial banks and lending organizations which have the right to carry out hard currency transactions fix the prices of their services for clientele exclusively in drams. The law

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account