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Armenia Cenbank Says Ready for Potential Coronavirus-Related Economic Impacts

The Armenian Central Bank issued a statement on March 9 regarding the ongoing global economic developments related to the novel coronavirus outbreak, Armenpress reports.

"The Armenian Central Bank is closely following the ongoing global economic developments due to the coronavirus. According to current assessments it is expected that these impacts, both on the global economy and the Armenian economy, will be short-term. Nevertheless the Central Bank is monitoring the developments in the global economy, the financial and commodity markets, and is assessing the short-term effects that could be recorded upon the Armenian economy. In case of necessity the Central Bank is always ready to respond by securing the stability of prices and financial stability in the Republic of Armenia," the cenbank said in the statement.

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