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January 26
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YEREVAN. – Past daily of Armenia writes: As a number of economists and financiers had predicted, in the post-war period Armenia immediately faced a number of problems, the most serious of which are the currently striking economic problems, including the sharp devaluation of the dram [the national currency].

The price of the [US] dollar increased by 25-30 drams, which, according to experts, will directly lead—with a domino effect—to a 20-25-percent increase in the price of goods [in the country].

According to Past newspaper’s information, these days the CB [i.e., the Central Bank] is engaged in restraining the dollar exchange rate.

In a conversation with Past, the president of the Chamber of Auditors, Nairi Sargsyan, noted that this situation will directly affect the prices. "We [Armenia] consume more imported goods, and these trends simply cannot but affect the inflation of those goods. As a result, the level of poverty will rise [in Armenia]," Sargsyan said, adding at the same time that the only and greatest expectation from this government is the “criminal inaction, unless, of course, we don’t consider the worse economic policy conducted unintentionally, or as a result of ignorance.”

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