Armenian Prime Minister Tigran Sargsyan said today that the government was opposed to a number of banking and loan bill amendments proposed by opposition MP Hrant Bagratyan.

One of the amendments would ban the issuance of foreign currency loans in Armenia.  

Sargsyan noted that a law already on the books bans such loans and that the bill is superfluous.

Bagratyan argued today in the National Assembly that the amendments were needed to create a level playing field for entrepreneurs in Armenia and to strengthen the position of the Armenian Dram.

The bills and government counterclaims will be presented for debate in parliament.