04/02/2015 10:52
Zhamanak: Armenian banks should provide only dram loans
‘Zhamanak’ paper writes that 2015 will be a difficult year from an economic point of view. The trade market is passive due to the dram’s depreciation and the banks have suspended most transactions. Everyone took a wait-and-see approach.
The head of Yerevan State University’s Economics Sub-department Hayk Mnatsakanyan said that a state policy is needed to strengthen the Armenian currency – the dram and to use the credit portfolio effectively. According to him, banks should provide loans only in drams in order to strengthen the national currency, which will enable to stabilize the economy and strengthen the dram. The construction sector will get out of crisis and employment will rise.