Central Bank photograph

Central Bank

Use attributes for filter !
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
Send edit request

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

Central Bank Map
Click on the photo of Central Bank to view it on Google Maps.

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...

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

Oct 20,2023 11:11 pm

By Katy WatsonBBC News, South America

There is everything to play for in this weekend's presidential run-off. Few Argentines saw radical candidate Javier Milei coming until he won the primaries in August.

He may have been pipped to The Post by left-wing Economy Minister Sergio Massa in last month's first round But now polls put the two candidates neck-and-neck ahead of the decisive run-off vote.

One thing that is certain is that the economy will be The Key factor in this election, which comes at a time of deep economic crisis for Argentina.

With inflation now topping an annual 140%, fixing the country's finances is top of The Agenda for voters and candidates alike.

" I personally have a little notebook with names of people who can't make ends meet and I give them items on credit, " says Lourdes Monjes, who runs a corner shop in The Poor Buenos Aires neighbourhood of Isla Maciel.

She has seen things get harder, especially in The Past few years. " My clients pay me back And Then they end up owing again, so it's a Vicious Cycle they can't Get Out of, " she says.

Isla Maciel sits in The Shadow of Argentina's largest port, its houses made of wood and corrugated iron.

On The Walls there are murals of Juan Perón, after whom the populist political movement Peronism is named and whose wife Evita was hailed as a champion of The Poor .

With 40% of Argentines now living in poverty, many are desperately looking for another saviour.

Sergio Massa , the economy minister in the outgoing Peronist government, is promising to move mountains to improve Argentina's finances.

His critics point out that it was under his leadership that the economy slumped to its current depths and that he therefore cannot be trusted with its recovery.

But his supporters say he is a seasoned politician who can accomplish much if given a chance to steer things His Way .

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. He also wants to liberalise gun laws and restrict abortion rights.

With increasing hardship among Argentina's population, there is also a growing appetite for Radical Change - and that is why far-right Javier Milei 's profile has soared.

In The Final TV debate between the two candidates Last Weekend , he made the case for shaking up the Status Quo . " Ask yourself if you prefer inflation over stability, if you prefer this decline in production and employment or if you prefer Economic Growth , " He Said .

The Other option, He Said , was " supporting this corrupt, parasitic and useless political caste, that just destroys Our Wealth generation and sinks us deeper and deeper".

Mr Milei's style has captured people's attention.

He describes himself as an " anarcho-capitalist" and at One Campaign event he wielded a chainsaw to symbolise his plan to slash government spending.

He has been compared to former US President Donald Trump - and closer to Home - to Brazil's former leader, Jair Bolsonaro .

" From an economic point of view, they are very similar because they have this idea that the markets solve everything and The State is not necessary, " says economist Paulo Feldman from the University of São Paulo of the parallels between Mr Bolsonaro and Mr Milei.

" You don't need to plan, you don't need to have government, you don't need rules, " Mr Feldman says of Mr Milei's proposals.

But The Academic says that that is not a viable programme: " We know that this is not true. There is no country, no developed country that [carries out] this stupidity. "

Mr Feldman's views are shared by many other economists. Earlier this month, warning that voting in Mr Milei would spell economic disaster for Argentina.

Nervousness around Mr Milei's brash campaign and lack of experience is something Sergio Massa is trying to use to his advantage. " I know there are some who are voting for me not because they are convinced But just as a way to avoid choosing a path of violence, hatred and harm, " Mr Massa said in Sunday's debate. " I will ensure they feel that their vote wasn't wasted. "

Whoever wins, The Next president will have a challenge on his hands.

" Whatever comes next is going to be tough, " says political analyst Ana Iparraguire of the difficulties of lifting Argentina out of its economic hole. " It's going to require adjustments, Budget Cuts , reducing state expenses and that is going to come at a high cost, so We Are going to have to wait and see how far each of them are going to go. "

Back at The Port , a group of Young Boys are kicking around a ball in The Street . In the distance are stacks of shipping containers.

These Youngsters live in The Shadow of one of Argentina's economic engines - yet their lives are far removed from any of its benefits.

Several of the young footballers are wearing T-shirts with Lionel Messi 's name emblazoned on the back. Argentina is not short of sporting Heroes - But people here say what they need is political Heroes to pull the country out of this deep crisis.

Related Topics

Source of news: bbc.com

Next Profile ❯