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Armenian Deputy Finance Minister: Too Premature To Speak About Joini

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  • Armenian Deputy Finance Minister: Too Premature To Speak About Joini

    ARMENIAN DEPUTY FINANCE MINISTER: TOO PREMATURE TO SPEAK ABOUT JOINING RUBLE ZONE

    ARKA
    Feb 17, 2009

    YEREVAN, February 17. /ARKA/. Armenian Deputy Finance Minister Vardan
    Aramyan, speaking Tuesday before Yerevan State University's students,
    said he found it too premature to speak about joining ruble zone.

    He thinks a full legislative and economic harmonization is needed
    for that.

    The deputy minister denied rumors going around about Armenia's possible
    entry in ruble zone.

    He said that before forming euro zone, European countries passed a
    long way of legislative harmonization.

    They have established free trade, formed common customs zone, common
    economy and ensured free movement of capital before introducing.

    Aramyan said Armenia has no such agreement with Russia.

    "We can't join ruble zone, because our countries haven't reached
    necessary degree of integration yet".
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