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ELECTIONS ARE CAUSE BEHIND ARMENIAN NATIONAL CURRENCY'S DEPRECIATION - EXPERT
news.am
June 06, 2012 | 12:44
YEREVAN. - Armenia's political processes affected the currency
exchange rate in the country, former Central Bank Chairman Bagrat
Asatryan said during a press conference on Wednesday.
In his words, cash currency circulation grows in the election years,
and this destabilizes the financial situation.
"Our society pays with a macroeconomic instability for the formation
of an empty [state] body," stated Asatryan.
In his turn, Alternative Research Center Director, economist Tatul
Manaseryan expressed a view that the main cause for the Armenian
national currency, the dram's devaluation is the current processes in
the international market, albeit he did not rule out the elections'
impact on the exchange rate.
"Virtually the same depreciation process is noticed in other countries,
specifically in the post-Soviet states," noted Manaseryan, and
added that the dram's devaluation is not a sufficient condition for
stimulating export.
news.am
June 06, 2012 | 12:44
YEREVAN. - Armenia's political processes affected the currency
exchange rate in the country, former Central Bank Chairman Bagrat
Asatryan said during a press conference on Wednesday.
In his words, cash currency circulation grows in the election years,
and this destabilizes the financial situation.
"Our society pays with a macroeconomic instability for the formation
of an empty [state] body," stated Asatryan.
In his turn, Alternative Research Center Director, economist Tatul
Manaseryan expressed a view that the main cause for the Armenian
national currency, the dram's devaluation is the current processes in
the international market, albeit he did not rule out the elections'
impact on the exchange rate.
"Virtually the same depreciation process is noticed in other countries,
specifically in the post-Soviet states," noted Manaseryan, and
added that the dram's devaluation is not a sufficient condition for
stimulating export.