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DEVALUATION OF ARMENIAN CURRENCY NOT ALARMING, EXPERT SAYS
tert.am
30.05.12
Devaluation of Armenian dram must not cause panic among the people,
being the result of factors from outside, economist Tatul Manaseryan
said, adding that it has no connection with Armenia's policy.
The specialist said he believes the impact of foreign and domestic
signals are more of economic nature. Among the foreign impulses
Manaseryan noted the activation of US economy, its rise connected with
the economic bailout measures implemented by Obama's administration.
"Agreed with economic competition, the euros' positions are weakening.
It is taking place agreed with the financial crisis as well. Armenian
economy has been influenced by political processes and some seasonal
factors," Tatul Manaseryan said.
However, Manaseryan was optimistic, saying though devaluation of
dram is being noticed, instead, the export tempos have reached 32%
in the first quarter of the year.
"Processes counter-balancing the devaluation of dram may be registered
in July. If no big blows are registered and the stable course and
the efficiency continue we will have less concerns connected with
dollar-dram exchange," the speaker said.
tert.am
30.05.12
Devaluation of Armenian dram must not cause panic among the people,
being the result of factors from outside, economist Tatul Manaseryan
said, adding that it has no connection with Armenia's policy.
The specialist said he believes the impact of foreign and domestic
signals are more of economic nature. Among the foreign impulses
Manaseryan noted the activation of US economy, its rise connected with
the economic bailout measures implemented by Obama's administration.
"Agreed with economic competition, the euros' positions are weakening.
It is taking place agreed with the financial crisis as well. Armenian
economy has been influenced by political processes and some seasonal
factors," Tatul Manaseryan said.
However, Manaseryan was optimistic, saying though devaluation of
dram is being noticed, instead, the export tempos have reached 32%
in the first quarter of the year.
"Processes counter-balancing the devaluation of dram may be registered
in July. If no big blows are registered and the stable course and
the efficiency continue we will have less concerns connected with
dollar-dram exchange," the speaker said.