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Central Bank Finds It Inexpedient To Make Comments During Pre-Electo

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  • Central Bank Finds It Inexpedient To Make Comments During Pre-Electo

    CENTRAL BANK FINDS IT INEXPEDIENT TO MAKE COMMENTS DURING PRE-ELECTORAL PERIOD

    Panorama.am
    21:24 08/12/2007

    "Central Bank finds it inexpedient to comment the fluctuations of
    foreign currency cost, and spreading of too much false currency in
    the market, as the appropriate structures started the investigation,"
    answered Tigran Sargsyan, the CB president to Panorama.am journalist's
    question about how much foreign currency was brought into Armenia
    and how much of it was false.

    According to him as soon as they got the alarm they started to carry
    out operative activities. "We are more interested in stability in the
    financial market, and we are especially alarmed by the instability
    in weekends," said T. Sargsyan.

    According to him CB carries out an investigation in the currency market
    and supervision is held in commercial banks. Who is the chief gambler,
    and which are the tools used, how do they get into Armenia? "These
    are very fragile questions, and it is early to answer them," said
    T. Sargsyan. At the same time he said that after the presidential
    elections CB will present the detailed information about this gambling.
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