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Opposition Armenian MP Critical Of Banking System

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  • Opposition Armenian MP Critical Of Banking System

    OPPOSITION ARMENIAN MP CRITICAL OF BANKING SYSTEM

    20:46 ~U 10.06.13

    Hrant Bagratyan, an Armenian National Congress (ANC) parliamentary
    group member, addressed the monetary policy of the Central Bank of
    Armenia (CBA) on Monday.

    "You have not told us about the banking system's risks expected
    this year or about your investment policy. Banks' debt total $4.5bn
    (Armenia's foreign debt - ed.). Our country's foreign debt is $7.5bn ,
    and it is even worse that it is the private sector's debt," Bagratyan
    said.

    He inquired about exchanges.

    "You have never considered the issue. Armenia has no investment system,
    you are afraid of the figures," Bagratyan said.

    He is surprised at the ruling party's indifference to the emigration
    from Armenia.

    Armenian News - Tert.am

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