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Haykaakan Zhamanak: Rouble slump challenge to Armenian manufacturers
08:45 * 07.02.15
http://www.tert.am/en/news/2015/02/07/hz2/1582523
The sharp devaluation of the Russian Rouble appears to be a serious
problem to the member states of the Eurasian Economic Union (EUU),
including Armenia.
The paper says that the problem has spurred interesting debates in
those countries.
While in Russia, Rouble lost its value twice, the decline is said to
be 20%-50% in the other EEU countries. This, according to the paper,
means that the cheap price is only due to currency fluctuations that
make Rouble competitive in the other member states of the economic
bloc. To restore the balance, the EEU countries have to either devalue
their own currency or use administrative leverages to ban the Russian
imports into their states, says the paper, adding Kazakhstan has
already made semi-officials proposals over the second option.
08:45 * 07.02.15
http://www.tert.am/en/news/2015/02/07/hz2/1582523
The sharp devaluation of the Russian Rouble appears to be a serious
problem to the member states of the Eurasian Economic Union (EUU),
including Armenia.
The paper says that the problem has spurred interesting debates in
those countries.
While in Russia, Rouble lost its value twice, the decline is said to
be 20%-50% in the other EEU countries. This, according to the paper,
means that the cheap price is only due to currency fluctuations that
make Rouble competitive in the other member states of the economic
bloc. To restore the balance, the EEU countries have to either devalue
their own currency or use administrative leverages to ban the Russian
imports into their states, says the paper, adding Kazakhstan has
already made semi-officials proposals over the second option.