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YEREVAN. - The recent stabilization of Armenian national currency - dram - rate was not related to the steps taken by the Armenian authorities and the Central Bank, economist Artak Manukyan told Armenian News - NEWS.am.

According to him, the stabilization of the Armenian dram rate has been was possible due to steps conducted by the Central Bank of Russia, as well as the speech of the President of Russia Vladimir Putin, which had a positive impact on the market.

“As for [Armenian PM] Hovik Abrahamyan’s visits to supermarkets, they were not related in any way to the stabilization of the dram. It was merely a political show,” Manukyan added.

He stressed that the head of Armenian Government has more effective tools to fight inflation rather than visits to supermarkets. According to the forecasts of economists, certain drop in prices will take place soon, however, on the eve of the New Year the inflation will occur again.

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