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Armenian economist rules out USD surge in January
14:47 * 20.12.14
An Armenian economist said Saturday that he expects appreciation in
the national currency's value next month against the backdrop of the
US Dollar's declining exchange rate.
"This period will see people spend their savings, making for the
Dram's appreciation," Vilen Khachatryan told a news conference, adding
that he predicts an exchange rate of 450-455 Drams per US Dollar.
He attributed the past days' currency crisis to two major factors.
"The reality is that we saw a 35%-40% depreciation and a subsequent
20%-25% appreciation in the Dram's value. I attach importance to two
factors here: it's first of all Russia and the sanctions against it,
and secondly, it has to do with certain factors in the Armenian
reality," he added.
The economist said he finds that Armenia by and large incurred the
impact of different geo-economic developments.
http://www.tert.am/en/news/2014/12/20/vilenkhachatryan/1541705
14:47 * 20.12.14
An Armenian economist said Saturday that he expects appreciation in
the national currency's value next month against the backdrop of the
US Dollar's declining exchange rate.
"This period will see people spend their savings, making for the
Dram's appreciation," Vilen Khachatryan told a news conference, adding
that he predicts an exchange rate of 450-455 Drams per US Dollar.
He attributed the past days' currency crisis to two major factors.
"The reality is that we saw a 35%-40% depreciation and a subsequent
20%-25% appreciation in the Dram's value. I attach importance to two
factors here: it's first of all Russia and the sanctions against it,
and secondly, it has to do with certain factors in the Armenian
reality," he added.
The economist said he finds that Armenia by and large incurred the
impact of different geo-economic developments.
http://www.tert.am/en/news/2014/12/20/vilenkhachatryan/1541705