ARMENIA’S CENTRAL BANK OBSTRUCTS ECONOMIC GROWTH – OPPOSITION PARTY MP

news.am
April 09, 2012 | 13:17

YEREVAN. – Armenia’s Central Bank (CB) should not be engaged in
regulating the country’s financial market, the opposition ARF
Dashnaktsutyun Party MP Artsvik Minasyan said during the Party
pre-election program’s official presentation on Monday.

As per Minasyan, the CB’s policy makes the country’s economy serve
the banking system, and the real economy and the joint-stock companies
are unable to “breathe.”

In ARF member’s opinion, a new agency needs to be established to
regulate Armenia’s financial market.

Also, the Dashnaktsutyun Party is of the view that the auto-insurance
payments can be reduced by AMD 10,000 (approx. US$ 26).