ARMENIAN CB DECREASES BANK INTEREST RATE BY 1%

ARKA News Agency, Armenia
July 2 2007

YEREVAN, July 2. /ARKA/. The Central Bank of Armenia decreased the
bank interest rate by one percent to 12% annual interest rate. The
CBA press-service reported this decision was made by the Central Bank
of Armenia Council on June 29, 2007.

The last change in the interest rate was made on March 2, 2007, when
the Central Bank decreased the bank interest rate by one percent to
13%.