Former Premier Strongly Opposed To Replenishment Of Armenia’s Govern

FORMER PREMIER STRONGLY OPPOSED TO REPLENISHMENT OF ARMENIA’S GOVERNMENT RESERVES WITH EUROBOND PLACEMENT MONEY

27.03.2015 21:06

YEREVAN, March 27. /ARKA/. Hrant Bagratyan, a former Armenian prime
minister, finds it wrong to fill the government reserves with the
money received from placement of Eurobonds.

In an interview with Zhamanak Newspaper, he called this a crime.

“Replenishment of the reserves means that the central bank will
sell this money to retain the dram’s value,” he said. “To sell it
to importers means to inflict more harm the economy. But if this
money was used for repaying a more expensive debt than the current,
I would hail this.”

Armenia sold a $500 million 10-year dollar bond on March 19. -0-

From: Emil Lazarian | Ararat NewsPress

http://www.armbanks.am/en/2015/03/27/86016/

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS