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INTEREST RATES RISE IN ARMENIAN FINANCIAL MARKET - GOVERNMENT
news.am
Aug 29, 2011
Armenia
YEREVAN. - The financial market of Armenia marked rise in interest
rates due to struggles with rising prices, however, this is not
reflected in government bonds yields, says Armenian Ministry of
Finance executive of the state budget for 7 months.
According to this report, these bonds are regarded as the most reliable
and stable way to invest.
Note that for 7 months of 2011 AMD 11.7 billion (about $ 32 million)
was spent on servicing the domestic public debt, while AMD 7.6 billion
(about $ 20 million) was spent on servicing of foreign debt.
In the period of January-July 2011 State budget was executed with a
deficit of AMD 10.5 billion (about $ 28 million), amounting to only
14.6 percent planned for 9 months. Domestic financing of the budget
deficit over the past period made AMD 5.7 billion ($ 15.4 million),
while external financing made AMD 4.8 billion ($ 13 million).
From: A. Papazian
news.am
Aug 29, 2011
Armenia
YEREVAN. - The financial market of Armenia marked rise in interest
rates due to struggles with rising prices, however, this is not
reflected in government bonds yields, says Armenian Ministry of
Finance executive of the state budget for 7 months.
According to this report, these bonds are regarded as the most reliable
and stable way to invest.
Note that for 7 months of 2011 AMD 11.7 billion (about $ 32 million)
was spent on servicing the domestic public debt, while AMD 7.6 billion
(about $ 20 million) was spent on servicing of foreign debt.
In the period of January-July 2011 State budget was executed with a
deficit of AMD 10.5 billion (about $ 28 million), amounting to only
14.6 percent planned for 9 months. Domestic financing of the budget
deficit over the past period made AMD 5.7 billion ($ 15.4 million),
while external financing made AMD 4.8 billion ($ 13 million).
From: A. Papazian