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YEREVAN. – Armenian parliament's standing committee on financial, credit and budget affairs on Thursday approved the bill doubling guarantees of bank deposits. 

Draft amendments to the law on ensuring compensation of bank deposits of individuals was introduced by Prosperous Armenia deputies Mikael Melkumyan, Naira Zohrabyan and Elinar Vardanyan.

In the near future the bill will be put to the vote during the plenary session. The bill suggests to double the threshold for deposits in the national and foreign currency up to around $16.7 and 8.35 thousand respectively.

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