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ARARAT GHUKASYAN: NO ABRUPT FLUCTUATIONS EXPECTED THIS YEAR
Hasmik Dilanyan
"Radiolur"
02.04.2010 15:28
Chairman of the Union of Armenian Banks (UBA) Ararat Ghukasyan believes
no abrupt fluctuations of the currency rate are expected this year and
the exchange rate will be within the range of 380-400 AMD per 1 USD.
The recent devaluation of national currency was conditioned by the
inability of economy to absorb additional pouring of AMD liquidity
by the Central Bank, Ararat Ghukasyan told a press conference today.
According to Ararat Ghukasyan, devaluation and inflation are the
natural constituents of the extensive monetary-credit policy, without
which it is impossible to provide for post-crisis revival of economy.
Hasmik Dilanyan
"Radiolur"
02.04.2010 15:28
Chairman of the Union of Armenian Banks (UBA) Ararat Ghukasyan believes
no abrupt fluctuations of the currency rate are expected this year and
the exchange rate will be within the range of 380-400 AMD per 1 USD.
The recent devaluation of national currency was conditioned by the
inability of economy to absorb additional pouring of AMD liquidity
by the Central Bank, Ararat Ghukasyan told a press conference today.
According to Ararat Ghukasyan, devaluation and inflation are the
natural constituents of the extensive monetary-credit policy, without
which it is impossible to provide for post-crisis revival of economy.