My Forest Armenia | VISIT TO THE ARMENIAN DRAM FORESTS

On September 13, the president of the Central Bank of Armenia, the president of the Union of Banks of Armenia, and executive directors of 12 commercial banks visited the newly established forests that were planted to celebrate the 30th anniversary of the national currency in 2023.

The afforestation area covers 50 ha, 20 ha in Jrashen and 30 ha in Urasar. In this short span of time, the seedlings, which include a diverse range of native species such as oaks, maples, pines, beeches, wild pear, and wild apple, have already taken root and begun to thrive.

The bankers were keen to check the growth of the trees, a year and half after planting. Our guests were happy to see the young trees growing in Jrashen and Urasar and thrilled to see the ones they had planted with their own hands.

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During the visit, Martin Galstyan, president of the Central Bank of Armenia, highlighted the idea behind the creation of these forests. He emphasized that beyond celebrating the dram's 30th anniversary, this initiative is a forward-thinking step toward environmental conservation, making the "green agenda" a priority not just for the Central Bank but for the entire banking sector. Galstyan mentioned that focusing on nature today is crucial for building a better future, demonstrating how economic and environmental goals can intertwine.

Daniel Azatyan, president of the Union of Banks of Armenia, underscored the importance of this afforestation project within the broader framework of social responsibility. He noted that all commercial banks in the Republic of Armenia equally contributed to planting160,000 trees,

Andre Gumuchdjian, founder of My Forest Armenia was particularly grateful for the commitment of the banking sector to the environment. He pointed out that this is not only an environmental project but a socio-economic one as well, as providing jobs in remote areas opens new possibilities for life in the villages. He stated that in about ten years, these forests will be fully visible and one day will become an integral part of the natural landscape of Lori. He thanked once again all the bankers present for their long-term vision.