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Commerzbank Experts Encourage Other Countries To Follow Armenia

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  • Commerzbank Experts Encourage Other Countries To Follow Armenia

    COMMERZBANK EXPERTS ENCOURAGE OTHER COUNTRIES TO FOLLOW ARMENIA

    Panorama.am
    21:32 05/03/2009

    American famous Bloomberg agency published the statement made by
    Commerzbank AG and UBS AG groups on the adopted strategy of the post
    Soviet Union countries during the financial crisis.

    The authors of the statement say that Russia, Ukraine and Kazakhstan
    should adopt "flexible exchange rate regime" to overcome the
    crisis. They encouraged the countries to follow the experience
    of Armenia.

    According to Commerzbank expert Armenia managed to have more success
    than the others changing its regime over exchange rate.

    From: Emil Lazarian | Ararat NewsPress
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