YEREVAN, November 2. / ARKA /. Armenia's Central Bank is prepared to confront possible global crises, resulting from different geopolitical processes, Central Bank chairman Arthur Javadyan said on Monday during a discussion of the draft state budget for 2016 by National Assembly's standing committees.

"Of course, the developments in Ukraine, the war in the Middle East can not but affect our economy, as well as the global economy. However, we are prepared to face all crises that may result from various geopolitical processes," Javadyan said.

According to him, Armenia’s economic stability is affected largely by the situation in international financial markets, which continue to be unstable.

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