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CENTRAL BANK AND PRESIDENT KOCHARYAN
Support A1+!On Friday Armenian Central Bank representatives informed president Kocharyan about situation in financial market.
They said the dramatic changes in world financial markets had considerable impact on Armenia’s economy.
It is important, they said, that the Central Bank and the government managed to adjust the economy to the changes, not resist them to avoid heavy loses the republic might sustain.
The Central Bank representatives said the republic can even gain from that in the event of pursuing flexible policy.
The president said the bank was directly responsible for the fiscal policy and many things depended on that.
