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Artsvik Minasyan: "Central Bank Policies Deepening Poverty"

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  • Artsvik Minasyan: "Central Bank Policies Deepening Poverty"

    ARTSVIK MINASYAN: "CENTRAL BANK POLICIES DEEPENING POVERTY"

    Panorama.am
    20:09 28/08/2007

    "A country's progress depends on its participation in regional
    projects, and using its own resources should guarantee its
    participation in the region," stated Dashnaktsutyun party member
    Artsvik Minasyan at a press conference while speaking about the future
    of economic progress in Armenia. He added that the society should be
    able to participate in the process.

    Returning to the subject of the fluctuation of the dram and the Central
    Bank's policies, Minasyan said the bank's policies are responsible
    for the deepening of poverty in Armenia. "The more the dollar loses
    worth, the less those depending on transfers are able to purchase,"
    he said, adding that the amount of exports would shrink due to the
    higher price of locally produced goods.

    Relating to the issue of including the opposition in the work of
    advancing Armenia's economy, Minasyan stated that representatives of
    opposing parties should oversee the process, as opposed to governmental
    forces, which would prove that the government is ready to balance
    the system and cooperate with the opposition.
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