PRESIDENT ADVISER PRAISES CENTRAL BANK
Panorama.am
15:57 26/09/06
"Central Bank’s policy is 100% correct and corresponds to the
economic policy of our country," Vahram Nersisyants, chief adviser on
economy issues to the president, told reporters today. In his words,
consolidation of the local currency is quite natural.
"We should be happy that the national currency is strengthened but
the process should also be regulated so that sharp conditions will
not emerge for local producers and exporters," he said. Nersisyants
said the Central Bank and Ministry of Finance and Economy have set
to issue securities in the amount of $100 million.
Speaking about inflation and the rise in consumer prices, Nersisyants
said the government has forecast 3% of inflation in case of 7%
GDP growth. The adviser said some consumer products do not face
competition created monopolies for certain types of products.
"Under such conditions, it is not possible to regulate inflation,"
Nersisyants said.