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OPPOSITION PARTY CALLS FOR RE-REGISTRATION OF USD LOANS AS LOANS IN ARMENIAN CURRENCY
YEREVAN, February 4. / ARKA /. An Armenian opposition party - the
Country of Law- is going to introduce a bill on re-registration of
USD consumer loans as loans in the national currency.
The secretary of its parliamentary faction, Mher Shahgeldyan, told
reporters today that the bill will be submitted to the parliament in
the near future. He said if passed it would save thousands of fellow
citizens from becoming insolvent.
He said the banks must do so as part of their corporate social
responsibility, 'because it is a global trend today.'
He said the bill had been discussed with experts who described it as
positive, but no discussions were held yet with the banks.
"We're going to take into account the Russian experience as well,
and also similar bills originated by parliaments Latin America and
Central Europe, ' he added.
By the end of December 2014, the aggregate amount of Armenian banks'
lending stood at a little over 2 trillion drams, of which the
equivalent of about 1.4 billion drams were loans in US dollars. ($
1-476,64 drams). -0-
http://arka.am/en/news/business/opposition_party_calls_for_re_registration_of_usd_ loans_as_loans_in_armenian_currency/#sthash.cYeupJwe.dpuf
YEREVAN, February 4. / ARKA /. An Armenian opposition party - the
Country of Law- is going to introduce a bill on re-registration of
USD consumer loans as loans in the national currency.
The secretary of its parliamentary faction, Mher Shahgeldyan, told
reporters today that the bill will be submitted to the parliament in
the near future. He said if passed it would save thousands of fellow
citizens from becoming insolvent.
He said the banks must do so as part of their corporate social
responsibility, 'because it is a global trend today.'
He said the bill had been discussed with experts who described it as
positive, but no discussions were held yet with the banks.
"We're going to take into account the Russian experience as well,
and also similar bills originated by parliaments Latin America and
Central Europe, ' he added.
By the end of December 2014, the aggregate amount of Armenian banks'
lending stood at a little over 2 trillion drams, of which the
equivalent of about 1.4 billion drams were loans in US dollars. ($
1-476,64 drams). -0-
http://arka.am/en/news/business/opposition_party_calls_for_re_registration_of_usd_ loans_as_loans_in_armenian_currency/#sthash.cYeupJwe.dpuf