Opposition demands from Armenian government taking measures to avoid financial crisis

16.10.2008 | 12:36 Home / News / News /

Yerevan /Mediamax/. Oppositional Armenian National Congress (ANC) made a statement, in which it demanded## from the government taking measures “to mitigate the consequences of the global financial crisis”.

Mediamax reports that the statement of ANC, headed by Ex-President of Armenia Levon Ter-Petrosian, reads that “by its inaction and absence of corresponding measures, the government contributes to deepening of the approaching crisis and shocks”.

The opposition demanded from the government realizing a number of measures, among which:

“CB should introduce a ban for construction recrediting by commercial banks and a 100% reservation of such credits”;

“The government and the CB should announce about ruling out any limitations, related to return of deposits, at least, in cases, when the term of the deposit has not expired”;

“The government and CB should guarantee 100% return of shares, issued by “ArmRosGazprom” and “Vallex Group” Companies by means of IPOs. At the same time, they should ban realization of new IPOs without the government’s participation”;

“CB should lift all limitations concerning money transfers systems”;

“CB should take upon itself the responsibility to secure in the course of the coming 6 months the exchange rate of the national currency within the limits, established together with the government”.

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