ArmInfo. The Head of the Central Bank Armenia does not see the risks associated with the depreciation of Armenian Dram.
This was announced on April 24 by the CB Chairman Arthur Javadyan, responding to a question about the possible influence of the latest domestic political events on financial stability in the country.
Nevertheless, the head of the Central Bank of Armenia reminded journalists about the obvious truth that any internal political instability, one way or another, is reflected in the market. The head of the Central Bank assured that at present, as before, the department continues to carry out activities within its monetary and credit policy.
It should be recalled that the Armenian Finance Ministry issued a statement yesterday expressing its concern over the processes taking place throughout the territory of the Republic. The statement noted that the situation in the country may negatively affect the country's international rating, as well as the perception of the level of stability of the Armenian economy by the world financial markets participants. Markets like political stability, balance and low risks. Any long lasting political unsustainability will affect the rating of sovereign liabilities in foreign currency, increasing risks and reducing their costs, which threatens to reduce the ability to finance the budget deficit with foreign borrowings of lower cost.
