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Credit burden of Armenian consumers will be limited by law

29.11.2019 17:47

Credit burden of Armenian consumers will be limited by law

YEREVAN, November 29. /ARKA/. The credit burden of Armenian consumers will be limited by law, Armenuhi Mkrtchyan, head of the Center for Consumer Rights Protection and Financial Education of the Central Bank, said at a parliamentary hearing on credit policy and financial literacy.

She said a new regulation is being developed aimed at protecting consumer rights. It will set the maximum ratio between credit and income of borrower.

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