Armenia to release additional loan to Nagorno-Karabakh

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Economy

27.10.2016, 15:35

The Armenian government on Thursday approved the release of an additional 3.3 billion drams worth loan to the Nagorno-Karabakh Republic (NKR).

Armenia to release additional loan to Nagorno-Karabakh

YEREVAN, October 27. / ARKA / The Armenian government on Thursday approved the release of an additional 3.3 billion drams worth loan to the Nagorno-Karabakh Republic (NKR).

According to an earlier decision, adopted in December 2015, NKR has received a 47.3 billion dram loan in 2016 (the equivalent of about $100 million.).

The additional loan is provided to NKR government to cover budget expenditures at the request of its prime minister. ($ 1 - 475.55 drams). -0-

#ADDITIONAL LOAN

#3.3 BILLION DRAMS

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