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On February 14, the extraordinary sitting of the NA Standing Committee on Financial-Credit and Budgetary Affairs moderated by Gevorg Papoyan was held.

The Committee debated the issue on nominating Atom Janjughazyan’s candidacy for the vacancy of the Chairman of the Audit Chamber presented by the NA Civil Contract Faction and proposing a candidate in that post to the National Assembly.

The Committee Chair Gevorg Papoyan presented the candidate’s biographical data and professional capabilities. According to him, the Faction made a right decision in nominating Atom Janjughazyan’s candidacy in that most important post.

The candidate for the Audit Chamber Chairman touched upon the role and significance of the state institutes. He expressed conviction that during the joint work all state institutes would succeed, including to raise and to reach the Audit Chamber to another level of establishment. Referring the priorities of the Audit Chamber, the speaker singled out two directions: the legality and efficiency of the public wealth government.

In the opinion of the NA deputy, the former Chairman of the Control Chamber Ishkhan Zakaryan, Atom Janjughazyan will be a good Chairman for the structure. He has related to the law in force on Audit Chamber, and has noted that it has shortcomings, as a consequence of which the structure approaches numerous issues in a formal way, but not in a content. The candidate answered the deputies’ questions.

Afterwards the Committee debated the on nominating Levon Sahakyan’s candidacy for the vacancy of the member of the Central Bank (CB) Board presented by the NA Civil Contract Faction and proposing a candidate in that post to the National Assembly

The Committee Chair Gevorg Papoyan presented Levon Sahakyan’s biographical data and professional capabilities. He has highlighted the activities of the Central Bank Board and has noted that the structure needs people with scientific, as well as practical experience.

The candidate for the Central Bank Board expressed conviction that he could use in the best way his professional and academic working experience achieved during several years in the status of the CB Board member. Levon Sahakyan spoke about the current situation of the system, the financial stability and inflation.

The candidate answered to the questions and gave clarifications.

The Committee gave positive conclusions to the debated issues.