PRIME MINISTER RULES OUT ARMENIA CHANGING NATIONAL CURRENCY
ARKA
March 5, 2009
YEREVAN, March 5. /ARKA/. Armenia will not change its national
currency, RA Prime Minister Tigran Sargsyan said, commenting on the
country’s possible entry to the ruble zone.
"This is illogical and practically impossible," the premier told
local media on Wednesday.
Sargsyan previously stated that Armenia and Russia had never discussed
the country’s entry to the ruble zone. Instead, he said Armenia would
prefer making settlements with Russia in rubles, not dollars.
"This results in diversification of our internal assets and foreign
currency transactions, as well as reduces our dependence on external
shocks that we import by means of dollar transactions," Sargsyan said.