Armenia manages to conduct policy of restraint, economist says





Armenia manages to conduct policy of restraint to ensure that the fluctuations of foreign currency rate have minimal influence on our economy, economist Vardan Bostanjyan told reporters today.

He did not rule out that the USD exchange rate could hit 500 AMD, but said that it should be done ‘fluently.” “I’m confident the Armenian financial authorities are doing their best to avoid price pressures that exist in a number of countries,” he said.

The economist said the current situation does not provide for good conditions for exports and negatively affects the export-import ratio.

“Imports exceed exports several times, which is not good. There is no proper environment for exports,” he said.

He also pointed out the high level of our economy’s dependence on Russia, stressing that the state of the Russian ruble finds its reflection in Armenia.

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