Home Corruption Cases (2006 - 2014) Elections 2007 The Central Bank of Armenia...
Elections 2007
2007 Jun
5

The Central Bank of Armenia...

The Central Bank of Armenia served as a financial source for the Armenian authorities to distribute election bribes. Since early April the Central Bank has abruptly raised the level of base money from AMD 260 billion to AMD 282.5 billion on May 12, that is, by AMD 22.5 billion or USD 62.5 million. Taking into account that the main part of the base money, 80 per cent is cash, in one and half month USD 50 million money distributed as election bribes, "was provided" by the Central Bank of Armenia.