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Armenian economist rules out USD surge in January

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  • Armenian economist rules out USD surge in January

    Armenian economist rules out USD surge in January

    14:47 * 20.12.14


    An Armenian economist said Saturday that he expects appreciation in
    the national currency's value next month against the backdrop of the
    US Dollar's declining exchange rate.

    "This period will see people spend their savings, making for the
    Dram's appreciation," Vilen Khachatryan told a news conference, adding
    that he predicts an exchange rate of 450-455 Drams per US Dollar.

    He attributed the past days' currency crisis to two major factors.
    "The reality is that we saw a 35%-40% depreciation and a subsequent
    20%-25% appreciation in the Dram's value. I attach importance to two
    factors here: it's first of all Russia and the sanctions against it,
    and secondly, it has to do with certain factors in the Armenian
    reality," he added.

    The economist said he finds that Armenia by and large incurred the
    impact of different geo-economic developments.


    http://www.tert.am/en/news/2014/12/20/vilenkhachatryan/1541705

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