YEREVAN. – An independent deputy of the Armenian parliament Edmon Marukyan sent a letter to the chairman of the Central Bank of Armenia (CBA) Arthur Javadyan requesting to discuss with commercial banks the issue of freeze on loans granted to the villagers.

In a letter to the CBA chairman, Marukyan said he had been approached by residents of Armavir and Aragatsotn regions who told that hail damaged crop acreage and orchards of thousands of farms.

“Deprived of the harvest, and having no other source of income, these people have found themselves in a desperate situation. Under existing circumstances, borrowers cannot even take care of their families, not to mention the repayment of loans. Many of them have already made ​​the decision to leave the country to work abroad,” the letter reads.

Marukyan asked to consider the possibility of freezing loans granted to the farmers by commercial banks and to give borrowers time to recover from the suffered damage.