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Armenia parliament approves higher deposit guarantee scheme

armenpress.am09/16th/2020, 7:06
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Armenia parliament approves higher deposit guarantee scheme

The Armenian Parliament adopted a bill authored by opposition Prosperous Armenia (BHK) lawmaker Michael Melkumyan on introducing higher deposit guarantee scheme (DGS). The law will increase the volume of bank deposits subject to guaranteed return.

The bill passed with near unanimous 117 votes.

If depositors have only a AMD bank deposit the ...

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