EBRD CONCERNED WITH ARMENIAN CURRENCY GROWTH

Panorama.am
17:40 19/06/2007

European Bank of Reconstruction and Development (EBRD) has raised a
concern in its report with Armenian dram’s strengthening. "Rapid growth
of Armenian currency without productivity may endanger the country’s
competitiveness," the report says. EBRD underscored improvements
in transparency and competition to make funds and investments more
accessible, RFE/RL reports. EBRD’s report is going to be discussed
at Council of Europe Parliamentary Assembly summer session next week.