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USD Sharp Fluctuations In Armenia Caused By Conflict Of EconomicInte

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  • USD Sharp Fluctuations In Armenia Caused By Conflict Of EconomicInte

    USD SHARP FLUCTUATIONS IN ARMENIA CAUSED BY CONFLICT OF ECONOMIC INTERESTS: ARMENIAN MPs

    YEREVAN, MAY 6. ARMINFO. Armenia's Parliament is concerned over the
    sharp fluctuations of USD in the country.

    Many MPs believe this to be the result of conflicting economic
    interests. ARFD MP Levon Lazarian says that this may be due to
    financial speculations but as well to the current processes in the
    world economy. Some experts believe that the government is able to
    control the fluctuations, says Lazarian noting that the most negative
    consequence of this situation is that the people is losing confidence
    in the government.

    Republican Party MP Galust Saakyan calls the situation strange and
    sees no convincing explanation to it. MP from People's Deputy group
    Mkrtich Minassyan says that unless the current USD machinations are
    stopped his group will raise this issue in the parliament.

    MP from State of Law party Mher Shahgeldyan supports this initiative
    noting that Parliament wants to know if the situation is natural or
    artificial. He says that fluctuating USD is having a negative impact
    on Armenia's economy and exports while opposition MP Viktor Dallakyan
    notes that this process has gained "some influential entities" over
    $290 mln in the last year alone.

    From: Emil Lazarian | Ararat NewsPress
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