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...

Right-winger Milei wins Argentina presidential poll

Oct 20,2023 11:11 pm

By Katy WatsonSouth America correspondent

Right-wing libertarian outsider Javier Milei has won Argentina's presidential run-off poll, according to provisional results.

Mr Milei's rival, economy minister Sergio Massa , called him to concede.

The election comes at a difficult time for Argentina with rising inflation and an economy in crisis on peoples' minds.

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

Mr Milei confounded pollsters by easily defeating The Candidate of the governing Peronists, provisionally by More Than ten points.

Provision results showed Mr Milei had nearly 56% of the vote compared with 44% for the Peronist Sergio Massa , with almost 90% of votes counted.

" Obviously the results are not what we expected. I have contacted Javier Milei to congratulate him, " Mr Massa said.

" From tomorrow the responsibility of providing certainty belongs to Milei. "

It was a close race to the very end but the former pundit who at one point wielded a chainsaw on The Campaign trail, won out.

A Man who has been likened to former US President Donald Trump , and ex-Brazilian leader Jair Bolsonaro , Javier Milei is untested.

But that was part of his appeal.

His talk of introducing the US dollar as the country's official currency was met with applause by his supporters. Many economists though talk of financial disaster.

No matter, in a country where annual inflation is now over 140% and two in five people live in poverty, his win proves that Argentinians are Fed Up with traditional politics and economic disaster.

His victory means they are willing to try Something New in an effort to make their lives better.



Source of news: bbc.com

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