REPORTONFINANCIAL STABILITYOF THE CENTRAL BANK OF RA AT THE UNIVERSITY

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The representatives of the Central Bank of the RA visited Shushi University of Technology on November 7 and presented the students of the specialty of  «Agribusiness» and the staff the financial report of the bank.

Welcoming the attendees the member of the Council of CB ArmenakDarbinyan pointed out that the main purpose of the visit is to introduce to the students the activity of central bank:«Iftheinitiatinggroupisreallyformed which will be active in financial education, then we will actively cooperate with them».

Macroeconomist of the department of prediction  and analysis of external section of the department of monetary policy of CB of RA Armine Yaralova lectured on the topic of «The role of central bank in the economy: monetary and credit policy» and touched upon the issue of inflation, price stability, inflation results and the activity of central bank:«Central bank can not provide the stability of any certain product but can control the general inflation. Inflation increases the uncertainty connected with the monetary and credit policy and price developments thus creating the rise of economic fluctuations».-Yaralova had pointed out.

The meeting was followed by question-answer and discussions were held round the issue. ArmenakDarbinyan had presented the university the book «Coins of the Republic of Armenia» by the Central Bank.