Do Remittances Worsen Export Diversification?
2019-08-26 11:06
Central Bank of Armenia Working Paper 19/2/12
Erik Vardanyan August 2019
Abstrac
The paper explores the impact of workers’ remittances on the level of export diversification. The hypothesis is that significant inflow of remittances causes overvaluation of real exchange rate, which in turn deteriorates diversity of export. The theoretical base is in line with the Dutch disease phenomenon. The paper uses annual cross-national panel data over 2000-2016 period and System GMM...
125th anniversary of Admiral Isakov’s birth collector coin is issued
2019-08-23 05:29
125th anniversary of Admiral Isakov’s birth collector coin is issued
Admiral Isakov (born Hovhannes Ter-Isahakyan 1894-1967) is a famous Armenian military commander, Soviet Union Navy Admiral (1955), Hero of the Soviet Union (1965). Isakov graduated from the Tiflis realschule in 1913. In 1917 he left the Naval Guards School of Petrograd and in 1928 completed the excellence courses at the Naval Academy of Leningrad. The greater part of Isakov’s life was dedicated to service in the...
List established under UNSC resolutions were amended
2019-08-21 17:16
On 20 August 2019, the Committee established pursuant to the UN Security Council resolutions 1267/1989/2253 approved amendments to the list of individuals and entities associated with ISIL (Da’esh) and...
List established under UNSC resolutions were amended
2019-08-16 17:19
On 14 August 2019, the Committee established pursuant to the UN Security Council resolutions 1267/1989/2253 approved amendments to the list of individuals and entities associated with ISIL (Da’esh) and...
The Board of the CBA left the refinancing rate unchanged 5.75 percent
2019-07-30 06:37
The Board of the CBA left the refinancing rate unchanged 5.75%
In the July 30, 2019 meeting the Board of the Central Bank of Armenia decided to leave the refinancing rate unchanged, at a 5.75% level.
There was 1.9% deflation in June of 2019 compared with that of 1.6% registered in the same period of the previous year, in which case the 12-month inflation has reduced to 2.5%, determined by a much deeper seasonal fall in prices of agricultural products. In the meantime however, core inflation...
A seminar was organized for the representatives of internal monitoring units of money transfer services operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of Armenia
2019-07-23 17:22
On July 22 the Financial Monitoring Center of the Central Bank of Armenia organized a seminar for the representatives of internal monitoring units of money transfer services operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of...
A seminar was organized for the representatives of internal monitoring units of bureaux de change operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of Armenia
2019-07-22 17:26
On July 19 the Financial Monitoring Center of the Central Bank of Armenia organized a seminar for the representatives of internal monitoring units of bureaux de change operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of...
A seminar was organized for the representatives of internal monitoring units of pawnshops operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of Armenia
2019-07-15 17:34
On July 15 the Financial Monitoring Center of the Central Bank of Armenia organized a seminar for the representatives of internal monitoring units of pawnshops operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of...
A seminar was organized for the representatives of internal monitoring units of insurance organizations and insurance brokers operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of Armenia
2019-07-15 17:30
On July 12 the Financial Monitoring Center of the Central Bank of Armenia organized a seminar for the representatives of internal monitoring units of insurance organizations and insurance brokers operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of...
List established under UNSC resolution was amended
2019-07-12 17:38
On 10 July 2019, the Committee established pursuant to the UN Security Council resolution 2374 approved amendments to the list of individuals and entities associated with...
A seminar was organized for the representatives of internal monitoring units of credit organizations operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of Armenia
2019-07-08 17:46
On July 8 the Financial Monitoring Center of the Central Bank of Armenia organized a seminar for the representatives of internal monitoring units of credit organizations operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of...
A seminar was organized for the representatives of internal monitoring units of investment companies, managers of investment funds, corporate investment funds operating in RA, the Central Depository and for the representatives of the FSD of the CBA
2019-07-02 17:42
On July 1 the Financial Monitoring Center of the Central Bank of Armenia organized a seminar for the representatives of internal monitoring units of investment companies, managers investment funds, corporate investment funds operating in RA, the Central Depository, as well as for the representatives of the Financial Supervision Department of the Central Bank of...
New FATF public statement issued
2019-07-01 17:41
On June 21, 2019 the FATF issued a Public Statement on jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism regime.
The statement is available...
Lists established under UNSC resolutions were modified/amended
2019-07-01 17:37
On 28 June 2019, the Committee established pursuant to the UN Security Council resolution 1518 approved modifications to the list of individuals and entities associated with...
Statistical overview (June. 2019)
2019-06-30 16:27
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...