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168 Zham: Armenia's Gross International Reserves Slump 31% - Expert

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  • 168 Zham: Armenia's Gross International Reserves Slump 31% - Expert

    168 ZHAM: ARMENIA'S GROSS INTERNATIONAL RESERVES SLUMP 31% - EXPERT

    10:00 * 02.12.14

    In an interview with the paper, numesmatist and financial advisor
    Armen Papazyan attributed the national currency's decline to the
    international trends, in the meantime citing regional developments
    and political problems as major contributory factors.

    The expert particularly pointed out to the decreasing gross
    international reserves. "Armenia's gross domestic reserves have dropped
    by 31% (from $2430.6 million to $1663.1 million). It means that the
    Central Bank does really have reserves, but we feel it necessary to
    be more careful with them. I believe the Central Bank pursues more
    permissive policies given the serious problems on Armenia's foreign
    currency market and the urgent need for those reserves," Papazyan
    told the paper from London.

    http://www.tert.am/en/news/2014/12/02/168/



    From: Emil Lazarian | Ararat NewsPress
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