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No Serious AMD/USD Exchange Rate Fluctuations In Armenia - Expert

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  • No Serious AMD/USD Exchange Rate Fluctuations In Armenia - Expert

    NO SERIOUS AMD/USD EXCHANGE RATE FLUCTUATIONS IN ARMENIA - EXPERT

    14:24 * 21.10.14

    Management expert Harutyun Mesrobyan believes that serious USD/AMD
    exchange fluctuations are said to affect Armenia's economy.

    However, no exchange fluctuations are actually taking place.

    "I do not see any serious fluctuations. Moreover, no fluctuations
    would be a strange. Armenia is implementing a floating exchange rate
    policy, which implies exchange rate fluctuations. If fluctuations do
    not exceed 3% within a week, consumers should not fear," Mr Mesrobyan
    told reporters on Tuesday.

    With respect to Armenia's economy, he said:

    "We have a normal situation. Armenia is just not competitive in
    a number of respects. The primary factor is interpenetration of
    oligarchs and authorities."

    Chairman of the National Association of Consumers Armen Poghosyan
    believes that Armenia's economy is declining.

    "Economically, Armenia has the trump card. No country in the world has
    electric energy surplus, while Armenia has always had. Our unfavorable
    economic situation is the result of internal mismanagement rather
    than of international developments."

    Armenian News - Tert.am

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