At the global level, the breakdown of the supply chain was an important blow to the financial ring. The demand for the currency fell. Banks had difficulty selling their loans, especially business loans. At the same time, the trap of bank resources has decreased. And this time, interest rates of banks began to be lowered to stimulate the supply. In 2019, the Central Bank reduced interest rates from 9.25% to 7.5%. By the decision dated 19.06.2020,...
Analytics
-
In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
Leave a review