YEREVAN, November 19. /ARKA/. Armenia conducts its monetary, credit and budget policy bearing in mind not only its own frontiers, but also those of the “Armenian world” (Armenian worldwide communities), the republic’s head of the government Tigran Sargsyan said Friday at the meeting with the Chief editors club of CIS, Baltic states and Georgia.

“Armenianhood is a living organism. There are just 3 million Armenians living in Armenia, and nearly 10 million, who live worldwide and identify themselves as the Armenians. This is a single organism that lives within its own single rules, and private remittances getting to and out of Armenia prove the organism is alive, it has blood vessels,” he said.

In reference to this, Armenian premier reminded that during the default in Russia money transfers from Russia to Armenia sharply tumbled, whereas from Armenia to Russia- significantly rose.

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Armenian Prime Minister Tigran Sargsyan said today next year will see a breakthrough in the development of electronic payments because of a dramatic rise in the number of people that will start using electronic payment systems

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Armenian prime minister Tigran Sarkisian said today the World Bank has decided to increase funding for Armenia in the amount of $55 million.

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Armenian prime minister Tigran Sarkisian said today the Central Bank was well-equipped to protect the country’s forex market from shocks.

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Armenia’s ambitious plan to become the regional financial centre is grounded on real factors, Armenian Prime Minister Tigran Sargsyan.

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Back from a CIS prime ministers’ meeting in Ukrainian Yalta, Armenian premier Tigran Sarkisian told journalists that the CIS economies hit the bottom and are back now on recovery track.

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PM: global recession uncovers most vulnerable sides of Armenian economy

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