At its meeting Tuesday, the Board of the Central Bank of Armenia (CBA) decided to reduce the refinancing rate by 0.5 percentage points, setting it at 8.75 percent, the CBA informed Armenian News-NEWS.am
The Lombard repo facility rate was set at 10.25 percent.
And the Deposit facility rate was set at 7.25 percent.
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Thanks to 129 million drams of donation from Karen Vardanyan, 17 new musical instruments were provided to the Armenian National Philharmonic Orchestra
