CBA REDUCES ANNUAL BANKING INTEREST RATE TO 17%

YEREVAN, August 9. /ARKA/. The Chairman of the Central Bank of Armenia
(CBA) decided to reduce the annual banking interest rate by one per
cent to 17% on August 18, 2005, the CBA reports. The last change in
the banking interest rate was on June 28, 2005, when it was raised
from 17% to 18%. A.A. -0–