YEREVAN. – The risks for managing Armenia’s foreign state debt are connected solely with the exchange rate, Deputy Finance Minister and Chief Treasurer Atom Janjughazyan told Armenian News-NEWS.am. 

These risks depend on the fact that Armenia’s state budget revenues are received in the national currency, the dram, whereas foreign currency is needed to pay off foreign debts. In any event, as per the Chief Treasurer, the country’s foreign debt is manageable, and all payments will be made on time.     

To note, as of July 2012, Armenia’s state debt constitutes $4.25 billion, whose $3.7 billion and $544 million are foreign and domestic debts respectively.  

Incidentally, Atom Janjughazyan also did not rule out that the country’s debt owed to the International Monetary Fund (IMF) could be restructured, since it is a “heavy” debt.