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Armenia's Central Bank Obstructs Economic Growth - Opposition Party

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  • Armenia's Central Bank Obstructs Economic Growth - Opposition Party

    ARMENIA'S CENTRAL BANK OBSTRUCTS ECONOMIC GROWTH - OPPOSITION PARTY MP

    news.am
    April 09, 2012 | 13:17

    YEREVAN. - Armenia's Central Bank (CB) should not be engaged in
    regulating the country's financial market, the opposition ARF
    Dashnaktsutyun Party MP Artsvik Minasyan said during the Party
    pre-election program's official presentation on Monday.

    As per Minasyan, the CB's policy makes the country's economy serve
    the banking system, and the real economy and the joint-stock companies
    are unable to "breathe."

    In ARF member's opinion, a new agency needs to be established to
    regulate Armenia's financial market.

    Also, the Dashnaktsutyun Party is of the view that the auto-insurance
    payments can be reduced by AMD 10,000 (approx. US$ 26).

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