YEREVAN, December 16. /ARKA/. The Central Bank of Armenia is pursuing a fairly balanced and consistent policy to ensure the stability of the financial system, particularly in terms of digitalization and market transparency, according to Freedom Broker Armenia Director Hovak Hovakimyan.
“To improve the capital market in Armenia, I would recommend the regulator encourage companies to go public,” he said in an interview with ARKA.
Furthermore, according to Hovakimyan, it is worth working on the regulatory framework for company listings and the introductionof new instruments.
“These procedures should become more digitalized and simpler to increase the attractiveness of this product for companies. The development and regulation of digital assets will also significantly help,” he said.
According to the Director of Freedom Broker Armenia, the main focus of the Central Bank, as well as financial companies and the Exchange, is improving the financial literacy of the population and introducing educational products and platforms.
“Over the next 3-5 years, I see a need to develop capital markets in Armenia specifically in the direction of financial literacy. These positions need to be strengthened,” Hovakimyan emphasized.
You can read the complete interview here.-0-
