Vache Gabrielian Appointed Central Bank Council Member

YEREVAN (Noyan Tapan)–President Robert Kocharian issued a decree August 31 appointing Vache Gabrielian member of the Central Bank’s Council for the next five years–the presidential press service said.

The Central Bank of Armenia has set the re-financing rate at 46 percent following the CB Council’s decision to lower it by 4 percentage points. The decision was made on August 31 during a meeting chaired by CB President Tigran Sargssian–according to the Bank’s Information Center.

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