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    Emil Lazarian
  • 1 year ago
    • Categories: 2023

Economic stability encouraged investments in Armenian bonds – economist

 11:02,

YEREVAN, JUNE 27, ARMENPRESS. In contrast to the existing accumulating risks in the world, the favorable economic developments and the formation of a sustainable economic environment in Armenia contribute to these risks being assessed very low for the country, economist Hayk Bejanyan told ARMENPRESS.

The said that the economic development, financial flows and the inflation environment has led to a very high level of profitability of Armenian bonds. Finance Minister Vahe Hovhannisyan earlier said that foreign investment funds are interested in Armenian government bonds.

In April 2023 the volume of Armenian bonds held by foreign investors reached 146 million dollars, compared to the 20 million dollars of 2021 July-August. The share of non-residents in AMD government bonds buyers grew from 0,9% to 3,5%.

Investors always look into the risk and reward while making transactions, according to Bejanyan.  These two factors led investors access the Armenian financial market, especially for long-term maturity bonds, because these types of bonds allow avoiding currency risks and minimizing losses. That’s why bonds in drams have become so attractive for investors.

Nevertheless, this interest is still in small volumes.

“The main precondition for continuous development of financial flows is stability. Right now we have a situation which is beneficial for foreign investors, and these flows will continue as long as the favorable conditions will be in place,” the expert said.

Manvel Margaryan

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS