
YEREVAN, November 13. /ARKA/. Pension reform is an important element for further development of Armenian economy”, said Ruben Vardanyan, Head of Board of Directors of the group “Troika Dialog” and Head of Board of Directors of “Ameriabank”.
“Here we need checked, serious and consistent steps as it affects the most unprotected layer of society – pensioners. Wrong steps can bring to problems not only at present, but also in 10,20, 30 years”, he said to the journalists in Yerevan during the official ceremony of opening the Head Office of CJSC “Ameriabank”.
In this regard, Vardanyan said that it is important not to make mistakes. Reforms of pension system in Armenia are going to move to many-staged system which will be consisted of two components - state distributive and private accumulative. Accumulative pension system will be introduced in 2011 in Armenia.--0—
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| Market exchange rates 12/03/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 392.62 | 1.21 |
| Euro | EUR | 1 | 540.01 | 5.34 |
| Russian Rоublе | RUR | 1 | 13.40 | 0.11 |
| Favorable еxchange rates of banks 12/03/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 391.5 Armenian Development Bank |
394 ACBA-CREDIT AGRICOLE BANK Araratbank Byblos Bank Armenia Conversebank ProCreditBank “ArmSwissBank” |
| Euro | 534 "VTB Bank (Armenia)" ACBA-CREDIT AGRICOLE BANK Ameriabank Prometey Bank “ArmSwissBank” |
541 ACBA-CREDIT AGRICOLE BANK Cascade Bank “ArmSwissBank” |
| RUR | 13.2 "VTB Bank (Armenia)" Ardshininvestbank BTA Bank Prometey Bank |
13.35 ProCreditBank |
| Macroeconomics | ||
|---|---|---|
| Indicator | Term | Figures |
| economic growth,% | 2009-12 | 85.6 |
| GBP, billion AMD | 2009-12 | 3165.5 |
| inflation, % | 2010-01 | 101.7 |
| Budget deficit (proficit), bln AMD | 2009-12 | 148.3 |
| trade deficit, mln USD | 2009-12 | -2606.4 |
| foreign trade turnover, mln USD | 2009-12 | 4001.9 |
| foreign trade turnover, % | 2009-12 | 73 |
| Gross External Reserves, mln. USD | 2009-12 | 2003.41 |
| Monetary base, billion AMD | 2009-12 | 511.7 |
| Money supply, billion AMD | 2009-12 | 815 |
| Financial market | ||
|---|---|---|
| Indicator | Term | Figures |
| Anual interests on loans | ||
| Legal entities in AMD | 2010-01 | 14.8 |
| Legal entities in USD | 2010-01 | 13.5 |
| Individuals in AMD | 2010-01 | 22 |
| Individuals in USD | 2010-01 | 17.6 |
| Anual interests on deposits | ||
| Legal entities in AMD | 2010-01 | 6.5 |
| Legal entities in USD | 2010-01 | 5.4 |
| Individuals in AMD | 2010-01 | 9.1 |
| Individuals in USD | 2010-01 | 5.3 |
| Annual profitability | ||
| state stock of CBA, % | 2008-08 | 8 |
| fiscal stock of Armenia, % | 2010-01 | 8.8 |
| The percents of the CBA | ||
|---|---|---|
| Indicator | Term | Figures |
| Banking rate | 2010-03 | 13 |
| Repo | 2010-03 | 6.5 |
| Credit | 2010-03 | 9.5 |
| Depo | 2010-03 | 3.5 |