Asatryan: Official rate of monetization of Armenian economy doesn’t reflect real things
29.04.2013 20:10
YEREVAN, April 29. /ARKA/. The official rate of monetization of Armenia’s economy doesn’t reflect real things at the money market because shady dealings are commonplace here, Bagrat Asatryan, a former chairman of the Central Bank of Armenia, said today.
According to the central bank’s report, monetization of Armenia’s economy has risen 11.9 percentage points since 2007 to 33.8% in 2012.
Experts recommend a 70-to-80-percent monetization rate to transition economic saying such a rate is needed for supporting the necessary growth and balance between inflation and GDP growth.
Asatryan thinks the monetization rate was growing very slowly in Armenia throughout the last years and finds the current monetization rate quite low.
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Armenian experts recommends to diversify savings
06.06.2012 18:37
The former Chairman of Armenia’s Central Bank Bagrat Asatryan recommends to keep
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Bagrat Asatryan: Armenia’s trade deficit believed to grow further
15.07.2011 11:45
Bagrat Asatryan, former chairman of the Central Bank of Armenia, speaking Thursday at a news conference, said the country’s trade deficit is set to grow further because the country’s imports exceed exports 4 times.
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Expert: Tendency of dram strengthening will stop at the end of the year
23.07.2010 10:40
Tendency of dram strengthening in Armenia is seasonal and will stop at the end of the year, said ex-head of CB Armenia Bagrat Asatryan.
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Bagrat Asatryan: economic decline in Armenia to reach 15% by late 2009
09.11.2009 20:29
Bagrat Asatryan, the director general of Garni Invest Universal Credit Organization and a former chairman of the Central Bank of Armenia, thinks Armenia will record 15-percent economic decline in 2009.
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