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INFLATION WILL BE 5-6% AT THE END OF THE YEAR, CBA CHAIRMAN SAYS
Hasmik Dilanyan
"Radiolur"
14.06.2011 18:04
The inflation rate will be 5-6% at the end of the year, Chairman of
the Central Bank of Armenia Arthur Javadyan told a press conference
today. Inflation will remain high at 9% by the end of June. "We saw
a slight decline in prices In March, and inflation was at zero level
in May," Javadyan said.
Touching upon agricultural credit programs, the CBA Chairman said loans
have been issued to 90 thousand households, which makes 65 billion AMD.
Speaking about the fluctuations on the currency market, Arthur Javadyan
said they "remain committed to the floating exchange rate."
He predicts appreciation of the Armenian dram, which suggests that
CBA will continue purchasing UN dollars.
Hasmik Dilanyan
"Radiolur"
14.06.2011 18:04
The inflation rate will be 5-6% at the end of the year, Chairman of
the Central Bank of Armenia Arthur Javadyan told a press conference
today. Inflation will remain high at 9% by the end of June. "We saw
a slight decline in prices In March, and inflation was at zero level
in May," Javadyan said.
Touching upon agricultural credit programs, the CBA Chairman said loans
have been issued to 90 thousand households, which makes 65 billion AMD.
Speaking about the fluctuations on the currency market, Arthur Javadyan
said they "remain committed to the floating exchange rate."
He predicts appreciation of the Armenian dram, which suggests that
CBA will continue purchasing UN dollars.