Artificial maintenance of AMD to USD exchange rate gave no positive results. On the opposite, by artificially maintaining the exchange rate, Armenian government squandered its foreign currency reserves. Now that they're wasted, USD started going up, ARFD parliamentary faction leader Vahan Hovhannesyan stated at parliamentary briefing.

Artificial maintenance of exchange rate also harmed local manufacturers, who purchased raw material with high costing drams, selling the ready product abroad at low costing dollars, Vahan Hovhannesyan concluded.