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FINANCE EX-MINISTER: POLICY OF CENTRAL BANK AGAINST PRIORITIES OF GOVERNMENT
Panorama.am
18:04 21/11/06
The current policy of the Central Bank of Armenia on strengthening
of the national currency is against the priorities of the government,
Levon Barkhudaryan, ex-minister of finance and economy who is now the
chairman of the review board of Armimpexbank, told a discussion today.
In his words, Armenia has always been known as an exporting country
but now the rate of the Armenian drams in relation to American
dollar negatively affects the export level and encourages import. He
said despite of strengthening of dram, prices of imported goods
do not go down. He said this is because of no competition in the
market. Barkhudaryan said further strengthening of dram may endanger
investment.
From: Emil Lazarian | Ararat NewsPress
Panorama.am
18:04 21/11/06
The current policy of the Central Bank of Armenia on strengthening
of the national currency is against the priorities of the government,
Levon Barkhudaryan, ex-minister of finance and economy who is now the
chairman of the review board of Armimpexbank, told a discussion today.
In his words, Armenia has always been known as an exporting country
but now the rate of the Armenian drams in relation to American
dollar negatively affects the export level and encourages import. He
said despite of strengthening of dram, prices of imported goods
do not go down. He said this is because of no competition in the
market. Barkhudaryan said further strengthening of dram may endanger
investment.
From: Emil Lazarian | Ararat NewsPress