Armenian economy is “all in dollars”

28/02/2006

During a press conference, head of the State Statistics Service Stepan Mnatsakanyan announced that the cash turnout of money in the country covers 1.1 billion, which is equal to 84 % of the total flow of currency in the country. According to Mr. Mnatsakanyan the level of “dollarization” is high in our country, which according to the CB covers about 60 % of the total money capacity. Mr. Mnatsakanyan says that currently the CB is doing its best to cut down the USD circulation capacity in the economy.