Swiss Ambassador to Armenia Lukas Gasser: Switzerland will try to contribute to a peaceful settlement of the Nagorno-Karabakh conflict without questioning the established formats such as the OSCE Minsk process
by Arthur Yernjakyan
At today's session of the government Armenian Finance Minister David Sargsyan said that the government was opposed to a number of banking and loan bill amendments proposed by opposition MP Hrant Bagratyan.
One of the amendments would ban the issuance of foreign currency loans in Armenia. Sargsyan noted that a law already on the books bans such loans and that the bill is superfluous.
Bagratyan argued in the National Assembly that the amendments were needed to create a level playing field for entrepreneurs in Armenia and to strengthen the position of the Armenian Dram.
The government also declined Bagratyan's another initiative on ban to fix foreign currency prices at the territory of Armenia. The Minister said that according to the current legislation, it is forbidden to fix foreign currency prices at the territory of Armenia.