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CBA President: No Shortage Of Foreign Currency In Armenia

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  • CBA President: No Shortage Of Foreign Currency In Armenia

    CBA PRESIDENT: NO SHORTAGE OF FOREIGN CURRENCY IN ARMENIA

    17:50, 17 Dec 2014

    Hasmik Dilanyan
    Public Radio of Armenia

    There is no shortage of foreign currency in Armenia, President of the
    Central Bank of Armenia Arthur Javadyan told reporters today. He said
    "no bank has been instructed to suspend transactions."

    "The Central Bank has not imposed any restrictions on accounts,
    deposits or other services," Javadyan said, adding that "banks will
    be punished if it turns out they take any speculative steps and refuse
    to provide services."

    The CBA President assured that the Armenian dram will again appreciate
    and did not rule out that this could happen before New Year. He added
    also that the Central Bank keeps the inflation under control.

    http://www.armradio.am/en/2014/12/17/cba-president-no-shortage-of-foreign-currency-in-armenia/

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