Friday, December 19 2014 17:44

Armenia's Central Bank tightens for the banks the statutory ratio of obligatory reserving on the attracted foreign currency funds - from 12% to 24%


Arminfo. Armenia's Central Bank has tightened for the banks the statutory ratio of obligatory reserving on the attracted foreign currency funds - from 12% to 24%. As press-service of Central Bank reported, this alteration was made to the point 2 of the "Regulation of the banks activity, the main economic norms of the banking activity" on the basis of the decision of the Central Bank Council dated 17 December 2014.

The minimal size of the obligatory reserves placed by Armenian banks and by the branches of foreign banks acting in Armenia, is fixed at 24% of the attracted foreign currency funds and fully in the Armenian drams.
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