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Russian ruble's depreciation will affect Armenia's economy

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  • Russian ruble's depreciation will affect Armenia's economy

    Economist: Russian ruble's depreciation will affect Armenia's economy


    13:15 08/11/2014 >> ECONOMY



    Economist, member of Prosperous Armenia Party Vardan Bostanjyan says
    the depreciation of the Russian ruble will definitely affect Armenia's
    economy.

    On Thursday, the Russian ruble fell by about 4% to exchange at 46.68
    to the US dollar. This represents a 14-year low. Cumulatively, the
    ruble has shed 25% of its value in 2014 alone, making it one of the
    worst performers in the money markets.

    Referring to Armenia's accession to the Eurasian Economic Union (EEU)
    and expected changes in the country's economy, the expert told
    Panorama.am that in case of membership in any organization, be it the
    EEU or any other union, it is necessary to carry out effective and
    correct economic policy as everything depends on that.

    In Bostanjyan's words, there are all the necessary preconditions for
    that and what is needed is will.



    Source: Panorama.am

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