CBA Sets 13 % Annual Estimated Interest Rate

CBA SETS 13 % ANNUAL ESTIMATED INTEREST RATE

PanARMENIAN.Net
21.01.2010 15:24 GMT+04:00

/PanARMENIAN.Net/ The Central Bank of Armenia set a 13 per cent annual
estimated interest rate, the CBA press office reported. This decision
was adopted by the Central Bank on January 21, 2010.

In 2008, the Central Bank’s set interest rate at 12 per cent per annum.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2010/01/23/cba-sets-13-annual-estimated-interest-rate/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS