Today, the RA Prime Minister Hovik Abrahamyan issued a statement on the current state of financial market developments. Below is the statement:
The developments in financial market are mainly due to the current global and regional developments that involve apparent speculative elements as well.
Under the circumstances of such spontaneous developments of the Global trends, the Government remains committed to its adopted policy of floating exchange rate, which is necessary to prevent the economy from long-term instability.
The Government supports the efforts of the Central Bank toward the stability of the financial system and undertakes all measures to ensure natural operation of the financial system, as well as to protect the rights and interests of the RA businesses and citizens. All depositors must be sure that the RA has an operational system of deposits’ guarantee of the guarantee and that both, the Government and the Central Bank are doing and will do everything for the protection of citizens’ deposits.
Today at 14: 00p.m., the Board of the Central Bank will provide a detailed explanation of the situation to the public. The Government is also in constant contact with its international partners, and is confident that with joint efforts and common sense we can provide stability both in financial and commodities markets, excluding unreasonable prices of the consumable goods.
