RISE IN PRICES WILL BE CONTROLLED BY GOVERNMENT
Azat Artsakh Daily
11 March 09
Republic of Nagorno Karabakh [NKR]
The Press Conference of the Prime Minister of Nagorno Karabakh
The Central Bank of the Republic of Armenia has made a decision and is
holding new exchange policy according to which it will not interfere in
the rate of different exchange as regards to AMD. The Prime Minister
Ara Harutyunyan announced about this in the press conference on March
4, dedicated to the sudden rise of the rate of the US Dollar in the
market of Artsakh and Armenia. In the last months world
economic crisis has brought to different rate of exchange and to the
changes in the economic situation in different countries, said the
Leader of the government. At the present, according to the
Prime Minister the instability of the rate is being controlled (within
360-380 dollars). `Nothing supernatural has happened. The process of
the artificial rise of the rate of US Dollar and the devaluation of
dram are under control, having a speculative character in the first
hours. By all accounts, the rate of the dollar will supposedly be
560-570AMD what has made trade organizations go over again the price
politics concerning to some goods. However, experts’ accounts and
confinements including the chair’s mark of the Central Bank of Armenia
testify that the rate will be fluctuating within 360-380 AMD for one US
Dollar,’ announced the prime Minister. What measures does the
government of NK undertake? Answering this question, the Head of the
government informed about the meeting holding on the same day and about
his instructions to the owners, underlining that the state did not
tolerate an unfounded steps, which would be brought to the artificial
rise in the prices. `Of course, we understand that the changes of the
rate of the USA dollar will be brought to the revision of some goods.
Some goods have already risen in price, somewhere they are well
founded, but in many cases not. That is why we state that the process
will be controlled both by the workers of the operative department of
the tax service and the commission by the regulation of the social
services and economic competition,’ said the Prime Minister.
The Head of the government stated that the rise in prices on goods of
the local production and goods produced in Armenia will not be raised
or it will be very slight, connected with some imported materials.
`Only after accountings some changes will be allowed to do, which must
be compared with the prices of Armenia where such work is being done,
said the PM. The agiotage around the artificial rise in the price will
be regulated. The step, which Central Bank made, was very necessary for
our future development and from the point of view of financial
politics. Those goods which are the part of our everyday consumption
basket, must have such prices which correspond to the logic, taking
into account the imported price, other disbursement, customs and of
course the profit which is allowed and it must be a stimulus for a
business. It is evident that in recent months the prices will be
regulated if there are no new changes of the rate’, conclude A.
Harutyunyan underlining that the Central Bank of the Republic of
Armenia assures that there will be no devaluation of Dram. The
PM of NK answered the questions of the journalists. The question why
the price of goods rise with the rise of the exchange but they do not
increase with the increasing of the exchange, PM answered that it was
not so. In the connection of the devaluation of US Dollar, some goods
have raised in price in the word market. According to A. Harutyunyan,
the market prices of those goods, which we import, have been raised in
price in international market, also such goods of wide consumption as
sugar, seed-oil etc. If we compare what prices were in Dram some years
ago and what we have today, we shall understand that the increase of
the world price of some goods has brought to the increase of the
prices, including fuel.
From: Emil Lazarian | Ararat NewsPress
