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ARMENIA IS NOT HEAVILY RELIANT ON RUSSIAN MARKET - SAYS ECONOMIST (VIDEO)
14:40 | December 19,2014 | Economy
In the given situation when the demand for the US dollar is growing,
we should try to increase the demand for the Armenian dram to restore
the equilibrium. In order to do it, we should take part of the dollar
out of circulation, says Economist Mikael Melkumyan.
"Instead, we witnessed that the dollar was turned into a product which
was purchased and stored by people. As a result, the dollar became so
scare in the market that banks, exporters and people had to keep it
which was quite natural," said the lawmaker of the Prosperous Armenia
Party (BHK).
Mr. Melkumyan says the officials responsible for the fluctuations
failed to take measures to save the situation.
The MP does not agree with the opinion that Armenia is heavily
dependent on the Russian market and says 43 percent of our exports
depend on European markets.
http://en.a1plus.am/1202894.html
https://www.youtube.com/watch?v=wJtvJKenSEs
14:40 | December 19,2014 | Economy
In the given situation when the demand for the US dollar is growing,
we should try to increase the demand for the Armenian dram to restore
the equilibrium. In order to do it, we should take part of the dollar
out of circulation, says Economist Mikael Melkumyan.
"Instead, we witnessed that the dollar was turned into a product which
was purchased and stored by people. As a result, the dollar became so
scare in the market that banks, exporters and people had to keep it
which was quite natural," said the lawmaker of the Prosperous Armenia
Party (BHK).
Mr. Melkumyan says the officials responsible for the fluctuations
failed to take measures to save the situation.
The MP does not agree with the opinion that Armenia is heavily
dependent on the Russian market and says 43 percent of our exports
depend on European markets.
http://en.a1plus.am/1202894.html
https://www.youtube.com/watch?v=wJtvJKenSEs