Central Bank photograph

Central Bank

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Address6 Vazgen Sargsyan St, Yerevan 0010, Armenia
Hours Closed ⋅ Opens 9:30AM
Currency Armenian dram
Phone +374 10 583841
FoundedDecember 1991
Date of Reg.
Date of Upd.
ID1978302
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About Central Bank


The Central Bank of Armenia is the central bank of Armenia with its headquarters in Yerevan. The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector and keeping the government's currency reserves.

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Argentina election: Javier Milei's radical proposals face test of reality

Argentina election: Javier Milei's radical proposals face test of reality
Nov 26,2023 11:41 am

... Now, with the mop-haired president-elect only two weeks away from taking over Latin America s third-largest economy, many are asking, how will his policies and positions face the test of reality? Taming inflation takes timeJavier Milei had proposed to dollarise the economy and eliminate the Argentine Central Bank as a strategy to " kill" hyper-inflation...

Radical political change in Argentina and an uncertain future

Radical political change in Argentina and an uncertain future
Nov 19,2023 9:51 pm

... So will Argentina see the Mr Milei who s promised to destroy the Central Bank, slash government spending and introduce the US dollar as Argentina s official currency? Or will there be a toned-down version of Mr Milei waiting in the wings? " Perhaps he ll moderate his agenda to build public support and win over lawmakers from other parties...

Right-winger Milei wins Argentina presidential poll

Right-winger Milei wins Argentina presidential poll
Nov 19,2023 7:01 pm

... His proposals, which included detonating the Central Bank, won support with voters desperate for change...

Argentines choose between polar opposites in run-off

Argentines choose between polar opposites in run-off
Nov 19,2023 3:11 am

... Mr Milei has promised to replace the local currency, the peso, with the US dollar, and said he would " blow up" Argentina s Central Bank...

Will Argentina vote in a radical politician to fix the economy?

Will Argentina vote in a radical politician to fix the economy?
Nov 17,2023 7:51 pm

... The other choice is Javier Milei - a political outsider who has proposed drastic changes like abolishing the Central Bank and replacing the peso with the dollar...

Why businesses are pulling billions in profits from China

Why businesses are pulling billions in profits from China
Nov 14,2023 1:11 am

... Many major Central Banks, including the US Federal Reserve and the European Central Bank, have been hiking interest rates to tackle inflation...

Argentina presidential election: Javier Milei and Sergio Massa head for run-off vote

Argentina presidential election: Javier Milei and Sergio Massa head for run-off vote
Oct 22,2023 10:21 pm

... Argentina has witnessed a rise in support towards the far-right politician, who has vowed to scrap the Central Bank and replace the Argentine peso with the US dollar...

Argentina votes in election rocked by radical candidate

Argentina votes in election rocked by radical candidate
Oct 22,2023 8:31 am

... He proposes to reduce inflation by eliminating Argentina s Central Bank, ditching the Argentine peso, which he calls " excrement" and using the US dollar instead...

Argentines choose between polar opposites in run-off

Oct 20,2023 11:11 pm

By Vanessa BuschschlüterBBC News

Argentines will vote on Sunday in a run-off election to choose The Man who will lead The South American country for The Next Four Years .

Opinion polls put the two candidates, left-wing economy minister Sergio Massa and far-right libertarian Javier Milei , neck and neck.

Mr Massa won The First round with 36. 7%, ahead of Mr Milei with 30%.

But polls suggest Mr Milei, who has promised to " blow up" Argentina's political system, has made gains since.

Polling gets under way at 08:00 local time (11:00 GMT) and closes at 18:00.

With 40% of Argentines living in poverty, high prices and skyrocketing inflation are by far voters' top concerns.

It therefore came as a surprise to many when Mr Massa, who has been at the helm of the ministry of the economy as the country's annual inflation rate reached a whopping 143%, beat Mr Milei into second place during The First round on 22 October.

But as he was short of the 45% of votes needed to win outright, Mr Massa now faces Mr Milei again in the decisive run-off.

The Candidate who came third on 22 October, conservative Patricia Bullrich , has thrown her weight behind Mr Milei, and polls suggest most of her voters will back the self-proclaimed anarcho-capitalist.

And while a majority of surveys are giving Mr Milei a slight lead over his rival, Sunday's run-off looks set to be a nail-biting finish to an acrimonious election campaign.

Javier Milei , 53, is an economist whose anti-establishment rhetoric has gained him a loyal following especially among young voters disillusioned with traditional politics.

His Libertarian Party , which he founded in 2018, is seen by voters as untainted by mistakes of The Past and much of his appeal stems from the fact that voters are willing to give his radical proposals a chance after decades of economic upheaval.

Mr Milei has promised to replace The Local currency, the peso, with the US dollar, and said he would " blow up" Argentina's Central Bank .

He likes to court controversy on social issues, too, saying he will abolish Sex Education in schools, loosen gun laws and allow the sale and purchase of human organs.

Prone to outbursts and swearing, he has even attacked Pope Francis , whom he accused of being a communist.

The flamboyant economist, who likes to appear at events wearing a leather jacket and wielding a chainsaw, has devoted followers who mob him wherever he goes.

Sergio Massa , 51, a seasoned politician who led The Chamber of Deputies before becoming economy minister in the Peronist government in 2022, has been trying to convince voters that he has The Experience to steer the country out of its economic slump.

He says he is The Man who will guarantee that Argentina's poor will continue getting welfare payments and subsidised Public Transport .

On social issues he is liberal, backing Argentina's recent legalisation of abortion. He has also warned of the dangers of Climate Change , in contrast to Mr Milei, who is a climate-change sceptic.

And while Mr Massa has been trying to sway undecided voters by encouraging them to vote against Mr Milei - whom he portrays as a liability - he is unlikely to be able to win over a considerable proportion of Argentines who have told pollsters from company CB Consultoras that they are so Fed Up with his Peronist party that they " would never vote" for him.

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Source of news: bbc.com

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