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Armenia Is Not Heavily Reliant On Russian Market - Says Economist (V

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  • Armenia Is Not Heavily Reliant On Russian Market - Says Economist (V

    ARMENIA IS NOT HEAVILY RELIANT ON RUSSIAN MARKET - SAYS ECONOMIST (VIDEO)

    14:40 | December 19,2014 | Economy

    In the given situation when the demand for the US dollar is growing,
    we should try to increase the demand for the Armenian dram to restore
    the equilibrium. In order to do it, we should take part of the dollar
    out of circulation, says Economist Mikael Melkumyan.

    "Instead, we witnessed that the dollar was turned into a product which
    was purchased and stored by people. As a result, the dollar became so
    scare in the market that banks, exporters and people had to keep it
    which was quite natural," said the lawmaker of the Prosperous Armenia
    Party (BHK).

    Mr. Melkumyan says the officials responsible for the fluctuations
    failed to take measures to save the situation.

    The MP does not agree with the opinion that Armenia is heavily
    dependent on the Russian market and says 43 percent of our exports
    depend on European markets.

    http://en.a1plus.am/1202894.html
    https://www.youtube.com/watch?v=wJtvJKenSEs

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