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Armenia's Economic Decline In Usd Was 30-32%: Former CB Governor

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  • Armenia's Economic Decline In Usd Was 30-32%: Former CB Governor

    ARMENIA'S ECONOMIC DECLINE IN USD WAS 30-32%: FORMER CB GOVERNOR

    ARKA
    Jan 28, 2010

    YEREVAN, January 28, /ARKA/. A former governor of Armenian Central
    Bank, Bagrat Asatrian, argued Wednesday that Armenia's economic
    decline in 2009, in terms of USD, was 30-32%.

    According to the provisional figures of Armenia's National Statistical
    service, the country's GDP fell by 14.4 in 2009 to 3.165.5 trillion
    Drams.

    Speaking at a news conference, Bagrat Astarian said Armenia's GDP
    in 2088 totaled $12 billion Drams, while in 2009 it slashed to about
    $8.1 billion. ($1 - 377.83 Drams).
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