New sudden rise in exchange rate of dollar not expected,<br /> deputy minister of finance says<br />


New sudden rise in exchange rate of dollar not expected,
deputy minister of finance says

  • 10-03-2009 18:00:00   | Armenia  |  Economy
YEREVAN, MARCH 10, NOYAN TAPAN. "The current exchange rate of the dram is economically substantiated and I do not think that there will be a new sudden rise in the exchange rate of the dollar. This is not economically substantiated, " the RA deputy minister of finance Vardan Aramian stated at the March 9 debate. The economist Tatul Manaserian expressed an opinion that the state has enough resources to control the situation. "In my opinion, the crisis is not only a financial but also a system one, from which the countries will get out with new models being formed. In case of these models, the currencies cannot "float" or "not float" on their own, that is, the governments will intervene," T. Manaserian noted. According to the member of the parliamentary "ARF" faction Artsvik Minasian, no one can forecast definitely what changes may occur to the dollar.
  -   Economy