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ARMENIA'S POPULATION SUFFERS BECAUSE OF FALL IN THE AMD/USD EXCHANGE
RATE: ARMENIA'S PM
YEREVAN, DECEMBER 14. ARMINFO. The international processes connected
with dollar-euro exchange rate fluctuations are affecting the
countries which cannot control these fluctuations, Armenia's Prime
Minister Andranik Margaryan says in an interview to Golos Armenii.
Today the finance ministers of the European Union country-members are
negotiating with the leadership of the USA for fixing the game rules
which will make prediction of the processes at the world market
possible. Alas, there are not such arrangements yet.
The countries with a small reserve foundation are connected with
import, for this reason they depend on the world market processes. In
this context the CB has prerogative and the role of the government is
not big. More over, it is dangerous to interfere in the current
processes artificially, that is, to print Drams and to try to level
these processes in such a way. This may lead to sharp growth of the
goods prices and cause worse consequences than the situation in which
our citizens have found themselves. President Robert Kocharyan has
recently during the meeting with the members of the CB Council said of
the necessity of the flexible policy conducting in this matter.
The CB is negotiating with the commerce banks for conducting of
specific measures. The CB also has administrative levers to affect the
situation. It is no secret that some people made use of this not
simple situation and they gain surplus profit. The exchange points
refuse currency exchange and prefer shadow operations. But the CB will
use its right to check licenses of these exchange point and how they
fulfill their obligations and this will probably lead to their
closing. This is the composing part of the situation that depends on
us.
RATE: ARMENIA'S PM
YEREVAN, DECEMBER 14. ARMINFO. The international processes connected
with dollar-euro exchange rate fluctuations are affecting the
countries which cannot control these fluctuations, Armenia's Prime
Minister Andranik Margaryan says in an interview to Golos Armenii.
Today the finance ministers of the European Union country-members are
negotiating with the leadership of the USA for fixing the game rules
which will make prediction of the processes at the world market
possible. Alas, there are not such arrangements yet.
The countries with a small reserve foundation are connected with
import, for this reason they depend on the world market processes. In
this context the CB has prerogative and the role of the government is
not big. More over, it is dangerous to interfere in the current
processes artificially, that is, to print Drams and to try to level
these processes in such a way. This may lead to sharp growth of the
goods prices and cause worse consequences than the situation in which
our citizens have found themselves. President Robert Kocharyan has
recently during the meeting with the members of the CB Council said of
the necessity of the flexible policy conducting in this matter.
The CB is negotiating with the commerce banks for conducting of
specific measures. The CB also has administrative levers to affect the
situation. It is no secret that some people made use of this not
simple situation and they gain surplus profit. The exchange points
refuse currency exchange and prefer shadow operations. But the CB will
use its right to check licenses of these exchange point and how they
fulfill their obligations and this will probably lead to their
closing. This is the composing part of the situation that depends on
us.