The Government of the Republic of Armenia

Prime Minister Hovik Abrahamyan chaired a consultation on financial market situation, attended by World Bank, International Monetary Fund representatives and the heads of stakeholder departments. The meeting discussed the recent financial market developments and possible countermeasures.

The importance of a floating exchange rate policy was emphasized to prevent the possibility of long-term instability in the economy. At the same time, it was considered important to stabilize the financial market and rule out any unjustified rise in prices of consumer goods.

Hailing the efforts and the steps taken by the Government and the Central Bank, the World Bank and IMF representatives stressed the importance of continued joint work to ensure financial market stability.