  Bagrat Asatryan: many phenomena in Armenia’s economy are illogical June 4, 2010 - 16:28 AMT PanARMENIAN.Net - Former chairman of the Central Bank of Armenia Bagrat Asatryan said that nothing extraordinary is taking place in Armenia’s currency market. “It was obvious that the CBA’s control will result in AMD revaluation, thus securing demand for the national currency and, consequently, AMD strengthening,” Asatryan told a press conference in Yerevan on June 4. “In my opinion, these mechanisms should have worked and AMD revaluation should have continued until the beginning of May. Meanwhile, the increase in the national currency exchange rate in late May and early June is unexplainable,” he said, adding that there are many unexplainable phenomena in Armenia’s economy, which are beyond the economic logic.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
