EXECUTIVE DIRECTOR OF ARMENIAN UNION OF MANUFACTURERS AND BUSINESSMEN: DOLLAR RATE TO RAISE UP TO 400 – 450 DRAMS FOR NORMAL ARMENIAN EXPORT

ArmInfo
2009-01-30 16:07:00

ArmInfo. For normal export of Armenian goods the dollar rate should
raise up to 400-450 drams, Executive Director of Armenian Union of
Manufacturers and Businessmen Gagik Makaryan told journalists today.

‘Our investigation is evidence of it. It is no secret that an expensive
drams opened "green light" to the cheap import. Expensive drams
hinders our exporters to export their goods abroad by competitive
prices. But this does not mean that we need sharp dropping of the
exchange rate. The state often has its own reasons for raising of
falling of the rate. But it is not often possible to say about it
openly’, – Makaryan said.

To recall, at present US dollar rate to Armenian dram is 305AMD/$1.