The outgoing Europol director, Rob Wainwright, says that Europe’s work to curb money laundering is insufficient as illegal cash moves too easily through its banking system.
Most of the reserves are in the form of foreign currency. Armenia sold all of its gold in late 2003.
Sargsyan will also meet with Giacomo dalla Torre del Tempio di Sanguinetto, acting head of the Sovereign Military Order of Malta, and the two are expected to sign a cooperation agreement.
Armenia’s foreign debt amounted to $5.560 billion at the end of February; a decrease of $15.8 million compared to January.
Armenian Apostolic Church Catholicos Garegin II leaves for the Vatican today, at the invitation of Pope Frances, to attend the unveiling of a stature dedicated to St. Grigor Narekatsi.
The Armenian National Academic Theatre of Opera and Ballet (Yerevan Opera House) and tenor Liparit Avetisyan won top prizes at the Second Annual Tsitsernak National Music Awards.