WE’LL CLOSE THE YEAR WITH POOR INDICES, EX-PRESIDENT OF CBA SAYS
Liana Yeghiazaryan

“Radiolur”
21.10.2010 18:31

The budget for Fiscal Year 2011 does not provide for solutions for the
problems existing in the country, ex-President of the Central Bank of
Armenia, economist Bagrat Asatryan told a press conference in Yerevan.

He says we’ll close the year with poor indices and predicts a 10%
inflation.

Bagrat Asatryan does believe that when working out the draft budget
the authorities had to follow the 100 steps proposed by the Armenian
National Congress.

The world faces a new serious challenge today – the war of currencies,
the expressions of which are already visible.

Former CBA Chairman urges the government to assume a more balanced
fiscal policy and manage the state reserves more efficiently in this
war among USD, EUR, Yuan and Yen, since it could have a negative
influence on our country’s economy.

From: A. Papazian