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Monetary agreement between Andorra and the European Union initiated the application of new rules of interaction with the European Central Bank

The Andorran Council of Ministers approved the new simplified rules for the provision of statistical data on banking and financial transactions of legal entities of the principality to the European Central Bank.

The Bank is the supervising authority of the Andorran financial system. The requirement was put forward within the framework of the Monetary agreement between …

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Fitch Ratings has affirmed Andorra’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’, the Outlook is Stable

Fitch Ratings has affirmed Andorra’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’, the Outlook is Stable. Fitch has also affirmed the Short-term foreign currency IDR at ‘F2’ and Country Ceiling at ‘A-‘.

According to Fitch statement Andorra’s ‘BBB’ IDR reflects the following key rating drivers:

Andorra is a small wealthy and politically stable economy. Its ratings …

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Andorra issued its own new coins on January 8, 2015

Andorra issued its own new coins on 8th January, 2015. Notably, 2 500 purchase orders were registered on the official web-page of the Government of Andorra only two days after the start of allotment. It was possible to purchase the coins at par (3.88 euros per coin) on the official web-page of the Government. Only citizens …

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New national euro coins will emerge in Andorra in 2015

 

The Prime Minister of the Principality Antoni  Marti took part in the festive events dedicated to the presentation of new euro coins of Andorra. He claimed that «the right for Andorran euro coin mintage is an important step towards sovereignty reinforcement on the one hand as well as to the consolidation of relations with Europe …

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Currency of Andorra. EURO – Andorran money

Currency of Andorra. EURO – andorran money

Andorra is the only country of Europe which uses EURO as its official currency without formal agreement with EU. Andorra never had its own currency. Previously before the introduction of new currency Andorra used French franc and Spanish peseta.

In 2013 as a result of negotiations with European Union Andorra received …

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Bitcoin: digital money. The first Digital Currency Summit in the world on the issues of regulations, finances and investments will take place in Andorra

Bitcoin: digital money. The first in the world Digital Currency Summit on the issues of regulations, finances and investments will take place in Andorra. The event is preplanned for September 17-19th 2014 at the Congress Center of Andorra la Vella.

Digital Currency Summit is a chat forum. Its main goal is to explain digital currency essence …

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Crisys together with the necessity to assure business liquidity are the major reasons for the increase of illegal cash import to the territory of Spain from Andorra

Crisys together with the necessity to assure business liquidity are the major reasons for the increase of illegal cash import to the territory of Spain from Andorra, said a representative of Catalan Government.

Inma Manso, a representative of Catalan Government in Lleida city, claimed that crisys and the necessity to assure business liquidity caused a significant …

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