ABOUT 15 BILLION AMD INVOLVED IN ARMENIA’S ECONOMY FROM THE RUSSIAN LOAN

YEREVAN, SEPTEMBER 18, ARMENPRESS:RA Central Bank has already been extended 60.5 billion AMD from the stabilization loan of about 500 million USD provided to Armenia by Russia. The 15 billion from IT has already been distributed between the Armenian trade banks, and has been extended as a loan by the part of the latter. Three hundred to five hundred million AMD has been extended as a hypothec loan, RA Finance Vice-Minister Vardan Aramyan said at today’s press conference summoned at RA government. According to him, at the beginning the dynamics of involving that money in economy was quite slow, but currently trends of activation are already quite notable. Forty four USD from that money has been extended to 3 Armenian large mining enterprises as system making companies. In regard to reaching that money to economy the Vice-Minister attached importance to the active behavior of the banks; they still go on displaying a certain watchfulness.