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INTERNATIONAL FACTORS LIKEWISE IMPACT RISE IN DOLLAR'S EXCHANGE RATE IN ARMENIA - FINANCE MINISTER
news.am
June 20, 2012 | 16:52
YEREVAN. - There also are international factors which impact the rise
in the US dollar's exchange rate in Armenia, Finance Minister Vache
Gabrielyan told news reporters, commenting on the recent fluctuations
in the US currency's exchange rate.
"Dollar fluctuations likewise occurred in many countries which are our
export and import partners. There was some seasonal demand in May and
it continues in June. [But] I believe this will be regulated because
July is always a calmer month at us," noted the Minister and added:
"I merely state a fact which, if you look at historically, [you will
see that] the lowest exchange rate has been in the months of July
and August. [And] There is no proof the same thing will not happen
this year, [too,]" said Gabrielyan.
And to the observation that the cause for the increase in the dollar's
exchange rate in Armenia was the country's parliamentary elections
held on May 6, the Finance minister responded:
"The matter connected with the elections always exists, according to
which the investment projects are not implemented at the same speed.
But I believe the elections did not bring shocks at us and there was
no regime change. And I do not believe the projects will continue to
be postponed."
From: A. Papazian
news.am
June 20, 2012 | 16:52
YEREVAN. - There also are international factors which impact the rise
in the US dollar's exchange rate in Armenia, Finance Minister Vache
Gabrielyan told news reporters, commenting on the recent fluctuations
in the US currency's exchange rate.
"Dollar fluctuations likewise occurred in many countries which are our
export and import partners. There was some seasonal demand in May and
it continues in June. [But] I believe this will be regulated because
July is always a calmer month at us," noted the Minister and added:
"I merely state a fact which, if you look at historically, [you will
see that] the lowest exchange rate has been in the months of July
and August. [And] There is no proof the same thing will not happen
this year, [too,]" said Gabrielyan.
And to the observation that the cause for the increase in the dollar's
exchange rate in Armenia was the country's parliamentary elections
held on May 6, the Finance minister responded:
"The matter connected with the elections always exists, according to
which the investment projects are not implemented at the same speed.
But I believe the elections did not bring shocks at us and there was
no regime change. And I do not believe the projects will continue to
be postponed."
From: A. Papazian