CENTRAL BANK FINDS IT INEXPEDIENT TO MAKE COMMENTS DURING PRE-ELECTORAL PERIOD

Panorama.am
21:24 08/12/2007

"Central Bank finds it inexpedient to comment the fluctuations of
foreign currency cost, and spreading of too much false currency in
the market, as the appropriate structures started the investigation,"
answered Tigran Sargsyan, the CB president to Panorama.am journalist’s
question about how much foreign currency was brought into Armenia
and how much of it was false.

According to him as soon as they got the alarm they started to carry
out operative activities. "We are more interested in stability in the
financial market, and we are especially alarmed by the instability
in weekends," said T. Sargsyan.

According to him CB carries out an investigation in the currency market
and supervision is held in commercial banks. Who is the chief gambler,
and which are the tools used, how do they get into Armenia? "These
are very fragile questions, and it is early to answer them," said
T. Sargsyan. At the same time he said that after the presidential
elections CB will present the detailed information about this gambling.