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Customs Head Says Devaluation Of Dollar Affects Negatively On Export

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  • Customs Head Says Devaluation Of Dollar Affects Negatively On Export

    CUSTOMS HEAD SAYS DEVALUATION OF DOLLAR AFFECTS NEGATIVELY ON EXPORT

    Panorama.am
    18:06 16/10/06

    The chairman of customs service, Armen Avetisyan, said as a citizen he
    is happy that dram is strengthened against dollar but as an official
    he is not. He said customs revenues partly decrease due to devaluation
    of dollar.

    He also said export has gone down making up 296 bln drams against 320
    bln last year. He said for example the volume of molybdenum export
    has increased but the prices of international exchange have gone down.

    Export of diamond, cognac, vodka, processed and semi-processed gold
    have gone down too. He said, on the other hand, import has increased
    making up 573 bln drams against 485 bln January-September, last
    year.
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