YEREVAN, May 6. /ARKA/. Armenian Prime Minister Nikol Pashinyan, speaking Wednesday in the National Assembly, said the country's financial system has quickly recovered amid COVID-19.

In his words, the dram fluctuations in the forex market that began in March were quickly suppressed because the central bank purchased approximately $ 90 million from the market

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The Central Bank of Armenia is ready to provide the financial system with appropriate liquidity, if necessary, though the financial system is sufficiently saturated with capital and has sufficient liquidity to serve the economy, Director of the Central Bank’s Department for Financial Stability Andranik Grigoryan said Wednesday at a press conference in the Unified Information Center

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Armenia’s financial system continues to work in normal mode, the Central Bank said in a statement today

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Armenia’s financial system is stable, and no signs of crisis or other threats are seen now, Martin Galstyan, a member of the board of the Central Bank of Armenia, said Tuesday in an interview with the Public Television of Armenia

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The Armenian financial system owes its stability amid political shocks to the central bank’s hard and long-term work, Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, said Friday at Fitch Ratings annual conference in Yerevan

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The European Bank for Reconstruction and Development (EBRD) has contributed greatly to the smooth development of Armenia’s financial system

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Armenia’s financial system is stable and risks are manageable, said Andranik Grigoryan, head of a Central Bank department in charge of stability and financial system development

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Stable development and diversification of the financial system are the key directions of Armenian central bank’s strategy, head of the Central Bank of Armenia Artur Javadyan said

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