During his meeting with Armenian businessmen in Moscow several days ago the premier of Armenia Tigran Sargsyan expressed a positive opinion about the monetary policy of Armenia. In his opinion the abrupt devaluation of the MAD on March 3 was a positive thing to do. Moreover, he stated that the financial sector hasn’t suffered much because of it. There has been no occasion for outflow of deposits. There have been no problems with the bank capital. And presently trade banks have a higher rating. “The political situation in Armenia has been ultimately stabilized especially after the mayoral elections of Yerevan. We have received positive evaluation from the international monitors as well. Besides that the opposition received fewer ballots than during the presidential race and this drastically stabilized the situation. This means that we don’t have a radical opposition in Armenia, which would function aggressively to destabilize the situation,” stated Sargsyan and added that the government enjoys the confidence of international financial structures. “The World Bank, the International Monetary Fund, the Asian and the European Banks have drastically increased the funding amount to Armenia.” “The rating of our country remains stable unlike our neighbors, the rating of which has fallen. This is conditioned with the fact that we signify macroeconomic indices and stability,” said Sargsyan, which means that Sargsyan has a wrong opinion about the level of awareness of the Armenian businessmen in Russia.
