YEREVAN, February 9. /ARKA/. Armenia’s Central Bank has to spend from $1 billion to $1.5 billion a year to shore up the exchange rate of the national currency, the dram, ex-prime Hrant Bagratyan said today.

Speaking at a news conference Bagratyan, who is now an MP from the opposition Armenian National Congress (ANC), said the regulator’s currency interventions are increasing the country’s external debt, ‘which has already reached $5.4 billion.

‘The only explanation for these interventions is that the government is reluctant to raise the price of natural gas, which is fixed in US dollars," said Bagratyan.

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Tags: Bagratyan, Central Bank, DRAM, national currency

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The Armenian dram may further drop – by another 15-20% in the next months, provoking a new inflation wave, former prime-minister of Armenia, member of the National Assembly Hrant Bagratyan said in his interview to Zhamanak (Time) newspaper

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Candidate for Armenia’s president, former prime-minister Hrant Bagratyan plans to achieve one-and-a-half-time reduction in interest rates on agricultural loans if elected

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At least 90% of money accumulated at pension funds should be channeled into development of public infrastructure through the issuance of long-term government bonds with reasonable return

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Tags: Bagratyan, bonds, pension fund

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On Thursday, Arthur Javadyan, chairman of the Central Bank of Armenia, said that the regulator may sue those persons who insult its personnel.

Categories: Banks @en, General news, News | Comments Off on Armenian Central Bank chairman may sue former premier for insulting regulator’s employee

Tags: Armenia, Bagratyan, CBA, Javadyan

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Hrant Bagratyan, a former Armenian prime minister, finds it necessary to phase out impacts of monopolies on markets to tame inflation.

Categories: anticrisis.am @en @en, Economy @en, General news, News, News of the hour | Comments Off on Former premier: monopolies’ dominance in Armenia bars inflation from subsiding

Tags: Armenia, Bagratyan, INFLATION, monopolies

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