Armenian oligarch supports CB new policy
''The new CBA policy will improve the situation of the county's exporters, who for the last 3 years were in a much worse state as compared to importers,'' Prosperous Armenia Party leader, major entrepreneur Gagik Tsarukyan told a news conference on Tuesday.
According to Tsarukyan, Armenia should by guided by the developed countries, practicing floating rate policy specifically, Russia.
The dram-to-dollar exchange rate has gone up to AMD 360/$1 in few hours today against yesterday's 305 -310 index for sale and purchase respectively.
Dram/euro exchange rate reached AMD 440 (against 387).
The upsurge followed CB President Arthur Javadian's statement on cessation of control over the foreign currency market and return to floating rate policy.
According to the Central Bank, the dollar exchange rate will fluctuate from AMD 360 to 380 in 2009.
According to Tsarukyan, Armenia should by guided by the developed countries, practicing floating rate policy specifically, Russia.
The dram-to-dollar exchange rate has gone up to AMD 360/$1 in few hours today against yesterday's 305 -310 index for sale and purchase respectively.
Dram/euro exchange rate reached AMD 440 (against 387).
The upsurge followed CB President Arthur Javadian's statement on cessation of control over the foreign currency market and return to floating rate policy.
According to the Central Bank, the dollar exchange rate will fluctuate from AMD 360 to 380 in 2009.
