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LONG-TERM INTRODUCTION OF A SINGLE EURASIAN CURRENCY WILL HAVE A POSITIVE IMPACT ON ARMENIA'S ECONOMY, SAYS HEAD OF THE UNION OF BANKS OF ARMENIA
by Arthur Yernjakyan
ARMINFO
Thursday, February 13, 13:34
Long-term introduction of a single Eurasian currency will have a
positive impact on Armenia's economy, Samvel Chzmachyan, the Head of
the Union of Banks of Armenia, told reporters.
He brought the example of the European Union where introduction of
EUR has positively affected the economies of European countries in
general. However, Chzmachyan does not think such scenario is possible
so far. This is possible in the long-term outlook, he said. Chzmachyan
disagreed with the views that the Armenian dram along with the Russian
ruble and Kazakh tenge has devalued against the US dollar. "Dram has
certainly devalued, and then recovered," he said.
To recall, on September 3, 2013 in Moscow the Presidents Serzh Sargsyan
and Vladimir Putin confirmed the aim of the Republic of Armenia and
the Russian Federation in the direction of further development of
economic integration processes in the Eurasian territory. The Eurasian
Union is supposed to come into effect on Jan 1 2015. In this light,
the Armenian public is concerned over possible introduction of a
single Eurasian currency.
From: A. Papazian
by Arthur Yernjakyan
ARMINFO
Thursday, February 13, 13:34
Long-term introduction of a single Eurasian currency will have a
positive impact on Armenia's economy, Samvel Chzmachyan, the Head of
the Union of Banks of Armenia, told reporters.
He brought the example of the European Union where introduction of
EUR has positively affected the economies of European countries in
general. However, Chzmachyan does not think such scenario is possible
so far. This is possible in the long-term outlook, he said. Chzmachyan
disagreed with the views that the Armenian dram along with the Russian
ruble and Kazakh tenge has devalued against the US dollar. "Dram has
certainly devalued, and then recovered," he said.
To recall, on September 3, 2013 in Moscow the Presidents Serzh Sargsyan
and Vladimir Putin confirmed the aim of the Republic of Armenia and
the Russian Federation in the direction of further development of
economic integration processes in the Eurasian territory. The Eurasian
Union is supposed to come into effect on Jan 1 2015. In this light,
the Armenian public is concerned over possible introduction of a
single Eurasian currency.
From: A. Papazian