Yerevan/Mediamax/. Board of the Central Bank (CB) of Armenia made a decision at its session on March 19 to increase the assessment of asset risk in foreign currency basing on the standard of bank capital adequacy from 100% to 150%.

This means that the bank should provide for 18% (instead of 12%) of the credit, issued in foreign currency, from its own capital.

As Mediamax was informed in CB press service, according to another decision of the Board, starting from April 14 to July 31, 2010, basing on the standard on disposal of foreign currency by banks, there will be 7% limitation in effect for long currency positions of banks against the capital, and starting from August 1, 2010, this limitation will be set for all open positions.

By this step, CB aims at limiting the opportunities of banks to speculate in the market of foreign currency and form non-realistic negative expectations in the economy.

CB Board also made a decision to establish the rate of Lombard repo at the level of 11.5%.