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DOLLAR WILL CONTINUE GAINING VALUE IN ARMENIA - EXPERT
news.am
June 08, 2012 | 13:55
YEREVAN. - The US dollar's exchange rate against the Armenian dram
(AMD) will continue to rise and reach AMD 430/$1, Republic Union of
Employers Chairman Gagik Makaryan said, during a press conference on
Friday, and predicted that next year the dollar's exchange rate will
reach AMD 480-500/$1.
In his turn, opposition Armenian National Congress member, economist
Vahagn Khachatryan stated that Armenia needs dollars to pay off debts,
and, also, the Central Bank's reserves have reduced by approximately
US$ 250 million.
As per Gagik Makaryan, there are positive and negative sides to the
change in the dram-dollar ratio. Specifically, the dram's devaluation
reflects positively on exporters and remittance receivers, but the
negative side is that the prices of imported goods increase.
news.am
June 08, 2012 | 13:55
YEREVAN. - The US dollar's exchange rate against the Armenian dram
(AMD) will continue to rise and reach AMD 430/$1, Republic Union of
Employers Chairman Gagik Makaryan said, during a press conference on
Friday, and predicted that next year the dollar's exchange rate will
reach AMD 480-500/$1.
In his turn, opposition Armenian National Congress member, economist
Vahagn Khachatryan stated that Armenia needs dollars to pay off debts,
and, also, the Central Bank's reserves have reduced by approximately
US$ 250 million.
As per Gagik Makaryan, there are positive and negative sides to the
change in the dram-dollar ratio. Specifically, the dram's devaluation
reflects positively on exporters and remittance receivers, but the
negative side is that the prices of imported goods increase.