“Ruble Plummets as Sanctions Hit Russia: Central Bank Official Warns of Worsening Exchange Rate Depreciation”
Sharp drop in ruble exchange rate expected due to sanctions against Russia. Depreciation increases challenges for companies buying or selling rubles. Impact observed in Moscow Exchange.
“Armenian Citizens Benefit from Low Cost Banking Services, Says Head of Central Bank”
Armenian citizens benefit from affordable banking services, says the head of the Central Bank. Fees for financial services are reasonable, especially for businesses. Tariffs for individuals will remain unchanged until 2023, with many services provided for free. Online transfers increased by 10%, with 91% of transactions being free of charge.