"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.

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