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ARARAT GHUKASYAN: AMD SHARP FLUCTUATIONS NOT EXPECTED THIS YEAR
PanARMENIAN.Net
02.04.2010 12:59 GMT+04:00
/PanARMENIAN.Net/ Chairman of the Union of Armenian Banks Ararat
Ghukasyan said that inflation will be weaker by the end of 2010,
as compared with its beginning, making 6-7%.
"The inflation index will depend on Armenia's economy during the
second half and the amount of remittances, which are so needed for
our country, as well as on formation of the national currency exchange
rate," Mr. Ghukasyan told a press conference in Yerevan.
According to him, the RA Central Bank will undertake measures to
restrain inflation, but it depends on many variable indexes as well.
Referring to the national currency exchange rate, Mr. Ghukasyan noted
that earlier forecasts proved impossibility to predict a currency
exchange rate. "I can say for certain that the price is conditioned by
transactions conducted at market and is a result of demand and supply.
At most, one can predict possible limits for fluctuations," he added.
According to Mr. Ghukasyan, currently these limits vary from AMD
380-400 and sharp fluctuations of the national currency are not
expected this year. Besides, he eyes gradual currency devaluation as
a phenomenon inherent in Armenia's economy.
PanARMENIAN.Net
02.04.2010 12:59 GMT+04:00
/PanARMENIAN.Net/ Chairman of the Union of Armenian Banks Ararat
Ghukasyan said that inflation will be weaker by the end of 2010,
as compared with its beginning, making 6-7%.
"The inflation index will depend on Armenia's economy during the
second half and the amount of remittances, which are so needed for
our country, as well as on formation of the national currency exchange
rate," Mr. Ghukasyan told a press conference in Yerevan.
According to him, the RA Central Bank will undertake measures to
restrain inflation, but it depends on many variable indexes as well.
Referring to the national currency exchange rate, Mr. Ghukasyan noted
that earlier forecasts proved impossibility to predict a currency
exchange rate. "I can say for certain that the price is conditioned by
transactions conducted at market and is a result of demand and supply.
At most, one can predict possible limits for fluctuations," he added.
According to Mr. Ghukasyan, currently these limits vary from AMD
380-400 and sharp fluctuations of the national currency are not
expected this year. Besides, he eyes gradual currency devaluation as
a phenomenon inherent in Armenia's economy.