ARMENIAN DRAM TO HAVE ITS STABLE PLACE ON MARKET

PanARMENIAN.Net
05.10.2009 17:43 GMT+04:00

/PanARMENIAN.Net/ "The imperfect money-and-credit policy presents
serious threat. Unpredictability and ineffectiveness of money market
policy leads to fluctuations in foreign currency exchange rates,
making increasingly negative influence on RA economy. National currency
devaluation process is a positive one. Keeping forever the existing
rate would spell waste of national reserves, to the detriment of
economics’ export potential and ability to attract investments. I
support the floating currency rate and inflation targeting policy,
which, unfortunately, was never practiced in RA," ex-Economy Minister,
Edward Sandoyan, Pro-Rector of Russian-Armenian (Slavonic University),
told a PanARMENIAN.Net reporter.
From: Baghdasarian