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Armenian regulator urges everybody not to disseminate disinformation and says banking system is stable

03.05.2018 11:13

Armenian regulator urges everybody not to disseminate disinformation and says banking system is stable

YEREVAN, May 3. /ARKA/. The Central Bank of Armenia, reacting to some people’s concern over the country’s banking system, issued a statement on Wednesday urging people not to spread disinformation about the state of the banking system.

The regulator says in its statement that, in accordance with the Constitution, the central bank is a nonpolitical, professional organization which has two key goals – stability of prices and financial stability.

In its statement, the central bank says that Armenia’s financial system is an accomplished system and banks have no problems with cash liquidity – their reserves are sufficient, as never before.

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