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    Emil Lazarian
  • 18 years ago
    • Categories: News

Finance Ex-Minister: Policy Of Central Bank Against Priorities Of Go

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

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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