Central Bank
| Use attributes for filter ! | |
| Address | 6 Vazgen Sargsyan St, Yerevan 0010, Armenia |
|---|---|
| Hours | Closed ⋅ Opens 9:30AM |
| Currency | Armenian dram |
| Phone | +374 10 583841 |
| Founded | December 1991 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1978302 |
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.
Where is the Central Bank
Argentina election: Javier Milei's radical proposals face test of reality
... 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
... 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
... His proposals, which included detonating the Central Bank, won support with voters desperate for change...
Argentines choose between polar opposites in run-off
... 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?
... 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
... 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 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
... 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...
Radical political change in Argentina and an uncertain future
By Katy WatsonSouth America correspondent
Javier Milei 's victory sends a clear Message - Argentinians wanted change and he was The Candidate most likely to deliver it.
His rise to The Top was swift. A former economist and pundit, Mr Milei was relatively unknown before winning The primaries back in August.
But his brash manner, radical campaign proposals, as well as his unruly hairstyle, got him noticed.
In a country mired in economic crisis, where annual inflation is now over 140% and two in five Argentinians now live in poverty, a drastic New Approach to fixing The problems was a clever move.
Many presidents before him have tried, and failed, to improve The Situation So There was nothing to lose by promising something very different.
The Challenge will be how he navigates a country in crisis away from campaign promises and deals with Reality - trying to improve The Situation for millions of Argentinians, not make it worse.
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. Otherwise, expect political gridlock, social uproar, and revolts by unions, " says Benjamin Gedan, who heads up The Argentina Project at The Wilson Center global affairs Think Tank in Washington Dc .
" Many of Milei's supporters voted against their economic interests. Should he dismiss a significant number of government workers, slash social welfare programs, and dramatically increase The Price of water, electricity, natural gas, and public transportation, there will be a serious case of buyer's remorse with very real implications for governability. "
And it's not just The economy that he wants to shake up.
Mr Milei has also pledged to loosen gun laws and ban Abortion - this in a country which in 2020 legalised Abortion and helped improve sexual and Reproductive Health rights for women across what has traditionally been a very conservative region.
Mr Milei has also criticised China and Brazil, saying he doesn't do business with " communists" - The Two Countries are Argentina's biggest trading partners.
In The Wake of his victory, Brazil's President Lula Da Silva stopped short of congratulating Mr Milei personally, instead offering his congratulations to The institutions who carried out The electoral process.
" Democracy is The Voice of The People and that must always be respected, " Lula said on X.
That sentence is likely both a diplomatic nod to The election results and a subtle dig at Mr Milei.
He and his Vice President Victoria Villaruel have repeatedly been accused of lacking respect for democracy and calling into question The official number of victims during Argentina's Military Dictatorship between 1976 and 1983.
All told, Mr Milei's victory is a departure for a country with a traditional scene - a scene so often dominated by The Peronist political movement.
Instead, there's a new kind of politics forming - One led by a politician often compared to former US President Donald Trump and Brazil's ex-leader Jair Bolsonaro .
So yes, Argentinians wanted change and Javier Milei said he wil deliver it - But what that change will look like is anyone's guess for now.
The only thing that is clear is that it will be unlike anything that's come before.
Related TopicsSource of news: bbc.com