CONSOLIDATION OF DRAM REMAINS WITHIN "REASONABLE LIMITS", ARMENIAN PRESIDENT STATED, REFERRING TO THE INTERNATIONAL ASSESSMENT

Mediamax News Agency
Nov 14 2007
Armenia

Yerevan, November 14 /Mediamax/. Armenian President Robert Kocharian
participated today in the launch of the 7th international exhibition
"Armprodexpo-2007".

Mediamax reports that during the talk with the journalists, Robert
Kocharian stated that "each year I visit the exhibition with great
pleasure, since here the results of the work in the spheres of
agriculture and processing industry are obvious".

Armenian President noted that he has "brilliant impressions" of what
he has seen at the exhibition. According to him, this year the Armenian
producers demonstrated new approaches and new quality.

Robert Kocharian noted that the participants of the exhibition, with
whom he talked, noted that they do not face difficulties while selling
their production. "Our companies secure quality and successfully
compete with foreign producers", Armenian President stated.

Commenting on the issue of the national currency consolidation,
Robert Kocharian stated that the government turned to international
financial organizations with a request to assess the consolidation
of dram, and the received assessments evidence that "the situation
in Armenia remains within reasonable limits".

"This process is concordant with the world trends: there is no such
country, where the national currency consolidation would not take place
in the process of continuous economic growth", the President stated.