ECONOMIC INTERVENTION IS NECESSARY

Lragir.am
11 Aug 06

"The depreciation of the dollar is the result of certain forecasts
and I wouldn’t say that it is only an Armenian syndrome, on the other
hand, it is evident that the exchange rate of the dollar drops, but
there is no decline in prices," announced Abgar Yeghoyan, the chair
of Protection of Consumers’ Rights NGO.

Abgar Yeghoyan thinks there is a problem of misuse of power and
inappropriate economic competition, which it may need to settle. In the
meantime, Abgar Yeghoyan endorses the use of public reserve funds and
trade intervention policy. "If the price of butter does not decline,
one may have only 20 tons of butter and sell it cheaply, the breaching
the cartel agreement. Similar levers were used in all the countries
where they wanted to establish the sphere of protection of the rights
of consumers." And economic interventions take place in the financial
sphere. This is not happening, and the chair of Protection of Human
Rights NGO thinks that the government needs to think on this.