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Opposition MP Puzzled at Country's "Paradoxical" Economic Data

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  • Opposition MP Puzzled at Country's "Paradoxical" Economic Data

    Armenian opposition MP puzzled at country's "paradoxical" economic data

    Arminfo
    1 Mar 05

    YEREVAN

    The increasing volume of imports into Armenia was twice as high as
    that of exports in 2004, something that brings about a high level of
    Armenia's dependence on foreign countries, opposition MP Tatul
    Manaseryan told the parliament today.

    Inflation was two and half times higher than it was expected in 2004,
    while measures to make the [national currency] drum stronger did not
    lead to a logical fall in prices.

    "The head of the Central Bank says that the increase in the index of
    consumer prices constituted 2.8 per cent in 2004, while official
    statistics testify to a 7-per-cent growth. We do not have the moral
    right to approve the candidacy of the chairman of the Central Bank
    unless answers are given to these paradoxical questions," the MP said.
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