Armenian expert says Central Bank and government have sufficient instruments to half inflation

YEREVAN, March 16, /ARKA/. Tatul Manaserian, head of ‘Alternative’ think-tank, argued today that the Central Bank of Armenia (CBA) and the government have sufficient instruments not only to half the inflation but bring it even to a lower level. According to government data, the 2011 February inflation upped by 1.9% from January to drag the 12 month inflation up to 12.4%.

“Naturally, no government is able to have zero inflation. Moreover, a slight inflation may work as a development stimulus,’ he said speaking at a news conference at Novosti international press center.

During a meeting with top government officials on March 11 president Serzh Sargsyan urged the Central Bank and the government to work hard to have inflation halved by the end of the year.

According to Tatul Manaserian, the country has all necessary resources to achieve this goal. He said some of the Cabinet ministers and other government agencies, like the Commission for Protection of Economic Competition, tax and customs authorities should be called to account for failing to implement the government’s objectives. He went on saying that the government agencies must throw away their old approaches based on recommendations of international organizations and look instead deeper into what a country Armenia is, to form own ides for each sector and harmonize them with the program of securing progress.

He reasoned that remote areas of the country must enjoy some tax and other privileges and called for setting up free economic zones.

“It is good that our government plans to carry out some of these programs, but they are not enough to ensure Armenia’s complete exit of the crisis. We all have to understand that we are responsible for our economy,’ he said.

The government has projected a 4±1.5% inflation for 2011. The Central Bank said earlier it expects inflation to slow down gradually in next several months and then to drop to below 5.5%. -0-

spot_img

POPULAR

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 10, 2026, increased by 0.26 points to 367.38 drams.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

LATEST NEWS

spot_imgspot_imgspot_img