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THE LIGHT AND SHADE OF MARKET SHOCK
Lragir.am
Country - 09 December 2014, 22:48
The president of the Central Bank Arthur Javadyan has announced with
regards to the dropping rate of the dram that those fishing in troubled
water will be punished. Apparently, "fishing in troubled waters" is a
new type of crime, and the Central Bank will soon propose penalizing
"fishing in troubled waters".
An act cannot be penalized unless it is clearly defined. Arthur
Javadyan intends to punish for fishing when, where and what? Is he
going to punish personally or is the Central Bank going to report a
crime to law enforcement bodies?
The Central Bank does not provide any detail as to what particularly
has been is happening in the financial market recently that is subject
to punishment? Eventually, who would try to ""fish in troubled waters"
but someone influential who has a lot of money and power? As to who
has a lot of money and power in Armenia is known to everyone.
In this respect, the picture is strange: the minister of economy
announces that the market shock is caused by speculations, then
the prime minister states that they will attend to those who pursue
"personal interests" and then the same prime minister states that
they are worried about importers who may sustain losses, and now the
president of the Central Bank announces that they are going to punish
those fishing in the troubled waters.
Is there someone in the government who can explain to the society
in simple wording what speculations or accusations they are talking
about and who or what circles are involved in this.
Furthermore, can someone say how the speculations and speculators
are going to be revealed? What are the mechanisms, what bodies are
responsible? Logically, the National Security Service is supposed to
investigate the case because the security of the state is concerned
since they played a game with the stability of the financial market.
However, it is not stated what financial crime is going to be
investigated thoroughly.
Because how are they going to identify the one who is to be punished
unless an investigation is carried out? And if they do know, then
the question is how they know. Besides, the circumstance of hiding
information comes up. Hovik Abrahamyan announced that they will
follow and address those who are trying to benefit. This is at least
strange because if they have followed and they know who was fishing
in troubled waters, then the question is why they were just following
instead of preventing them from troubling the market and benefitting.
And if they had no grounds to prevent or stop, how are they going to
prosecute later?
Here the questions are getting interesting. For example, are those
troubling the water and fishing in troubled water the same circle? Did
those who troubled the water then go on to fish there or did one
group trouble water, and another group fish there, and then there
was a conflict of interest, then they needed to share fish and the
need for punishment occurred accordingly.
- See more at:
http://www.lragir.am/index/eng/0/country/view/33302#sthash.mZphI3sM.dpuf
From: Baghdasarian
Lragir.am
Country - 09 December 2014, 22:48
The president of the Central Bank Arthur Javadyan has announced with
regards to the dropping rate of the dram that those fishing in troubled
water will be punished. Apparently, "fishing in troubled waters" is a
new type of crime, and the Central Bank will soon propose penalizing
"fishing in troubled waters".
An act cannot be penalized unless it is clearly defined. Arthur
Javadyan intends to punish for fishing when, where and what? Is he
going to punish personally or is the Central Bank going to report a
crime to law enforcement bodies?
The Central Bank does not provide any detail as to what particularly
has been is happening in the financial market recently that is subject
to punishment? Eventually, who would try to ""fish in troubled waters"
but someone influential who has a lot of money and power? As to who
has a lot of money and power in Armenia is known to everyone.
In this respect, the picture is strange: the minister of economy
announces that the market shock is caused by speculations, then
the prime minister states that they will attend to those who pursue
"personal interests" and then the same prime minister states that
they are worried about importers who may sustain losses, and now the
president of the Central Bank announces that they are going to punish
those fishing in the troubled waters.
Is there someone in the government who can explain to the society
in simple wording what speculations or accusations they are talking
about and who or what circles are involved in this.
Furthermore, can someone say how the speculations and speculators
are going to be revealed? What are the mechanisms, what bodies are
responsible? Logically, the National Security Service is supposed to
investigate the case because the security of the state is concerned
since they played a game with the stability of the financial market.
However, it is not stated what financial crime is going to be
investigated thoroughly.
Because how are they going to identify the one who is to be punished
unless an investigation is carried out? And if they do know, then
the question is how they know. Besides, the circumstance of hiding
information comes up. Hovik Abrahamyan announced that they will
follow and address those who are trying to benefit. This is at least
strange because if they have followed and they know who was fishing
in troubled waters, then the question is why they were just following
instead of preventing them from troubling the market and benefitting.
And if they had no grounds to prevent or stop, how are they going to
prosecute later?
Here the questions are getting interesting. For example, are those
troubling the water and fishing in troubled water the same circle? Did
those who troubled the water then go on to fish there or did one
group trouble water, and another group fish there, and then there
was a conflict of interest, then they needed to share fish and the
need for punishment occurred accordingly.
- See more at:
http://www.lragir.am/index/eng/0/country/view/33302#sthash.mZphI3sM.dpuf
From: Baghdasarian