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Armenian Banks Lobbying For Their Interests - Opposition Rep

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  • Armenian Banks Lobbying For Their Interests - Opposition Rep

    ARMENIAN BANKS LOBBYING FOR THEIR INTERESTS - OPPOSITION REP

    Tert.am
    09.02.12

    The bill on restrictions on cash transactions is in itself positive.

    However, it is untimely for Armenia.

    Speaking of the parliament-rejected bill, Zoya Tadevosyan, a member
    of the opposition Armenian National Congress (ANC), said: "It is a
    desirable law for any society. In Armenia's case, however, through the
    government, banks are lobbying for surplus funds to be concentrated
    in their hands," Tadevosyan said.

    She does not share the opinion that the bill is Republican Party of
    Armenia's (RPA) attempt to strip the Prosperous Armenia Party (PAP)
    of resources.

    "They in the PAP know very well where they keep their money. All
    oligarchs own banks. Ordinary citizens are suffering. It is a blow
    on small and medium businesses," Tadevosyan said.

    Artak Davtyan, an RPA MP, gave assurances that the bill has nothing
    with the PAP.

    "The issue might not have evoked such a response if, before the voting,
    PAP representatives had made their position public," Davtyan said.

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