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New sudden rise in exchange rate of dollar not expected, Dep Min.

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  • New sudden rise in exchange rate of dollar not expected, Dep Min.

    New sudden rise in exchange rate of dollar not expected, deputy
    minister of finance says

    http://www.nt.am/news.php?shownews=1012849

    YEREVAN, MARCH 10, NOYAN TAPAN. "The current exchange rate of the dram
    is economically substantiated and I do not think that there will be a
    new sudden rise in the exchange rate of the dollar. This is not
    economically substantiated, " the RA deputy minister of finance Vardan
    Aramian stated at the March 9 debate.

    The economist Tatul Manaserian expressed an opinion that the state has
    enough resources to control the situation. "In my opinion, the crisis
    is not only a financial but also a system one, from which the countries
    will get out with new models being formed. In case of these models, the
    currencies cannot "float" or "not float" on their own, that is, the
    governments will intervene," T. Manaserian noted.

    According to the member of the parliamentary "ARF" faction Artsvik
    Minasian, no one can forecast definitely what changes may occur to the
    dollar.

    From: Emil Lazarian | Ararat NewsPress
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