News
Show news feed

YEREVAN. – At any rate, the US dollar is expected to gain value in Armenia, noted economist Vilen Khachatryan, at a press conference on Tuesday.

In his words, global markets await a rise in the key interest rate of the US Federal Reserve System.

Khachatryan added that although this system has made neither respective direct announcements nor even given hints, markets realize that this increase will happen sooner or later.

As per the economist, if these interest rates do go up, a rise in the dollar’s exchange rate should be expected, too.

“Given the current complexities in Greece’s economy, it can be expected that investors will try to convert the euro they have into dollar,” added Vilen Khachatryan. “This will additionally raise the exchange rate of the dollar, and make it more appealing for savings.”

!
This text available in   Հայերեն and Русский
Print
Read more:
All
Photos