ArmInfo. The Ministry of Finance of Armenia reports that as of May 10, decisions have been signed to write off 469 obligations of individuals who have consumer loans secured by gold.
The process of accepting beneficiary applications continues. The corresponding process is based on the decision of the Government of Armenia dated December 28, 2023.
Earlier, ArmInfo reported that the Armenian government decided to forgive the financial obligations of forcibly displaced citizens of Artsakh on consumer loans provided on the security of gold products, registering them as state support. As the head of the Ministry of Finance of the Republic of Armenia Vahe Hovhannisyan stated on April 4 at a meeting of the Cabinet of Ministers, the current project proposes not only to forgive debts on loans secured by gold, which as of December 29, 2023 do not exceed 5 million drams (there are only 5 of them), but also to give the opportunity to repay pledged gold. Although by the December decision the debts were assigned to the Cabinet, the pledged gold (about 1,800 citizens, weighing about 30 kg) still remains in the banks, he explained. We are talking about financial obligations of about 6 thousand citizens in the amount of approximately 2.8 billion drams, the minister clarified. Prior to that, by decision of December 21, 2023, the Cabinet of Ministers assumed most of the financial obligations of the government and citizens of Nagorno-Karabakh. In this regard, treasury bonds were issued in favor of financial organizations with a maximum nominal value of up to 225 billion drams (for a period of 10 years) - in the amount of 70% of the amount of monetary claims (property rights) assigned to the Government of the Republic of Armenia through these organizations. It was noted that as of December 29, 2023, the obligations (bonds and loans) of the government of Nagorno-Karabakh and the funds formed by it, legal entities and individuals of Nagorno-Karabakh subject to reconstruction amount to about 315 billion drams, servicing most of which, due to the situation, created around Nagorno-Karabakh became impossible.
