  Economy expert refutes dram devaluation fears March 15, 2013 - 16:29 AMT PanARMENIAN.Net - Slow devaluation of dram has been reported at Armenia’s currency market, dram to dollar exchange rate dropping from AMD 409 to 1$ in early March to AMD 414.28 to $1 in mid-March. Doctor of Economics Tatul Manaseryan believes that the change should not be feared. “Last year, before and after parliamentary elections in May, economy drop was widely forecasted, prompted by exchange rate fluctuations. The predictions, however didn’t justify themselves, with AMD exchange rate having stabilized in July 2012,” the expert told a PanARMENIAN.Net reporter. “A strengthening of dram is to be expected as economy grows,” he stressed. Partner news  Top stories Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Finance Minister linked the step with the collection of air taxes. He further noted that lawsuits were filed by other lenders, too.   Partner news |  Latest news Suicide bomber kills 3 in northwestern Pakistan  Haji Hayatullah was not harmed in the attack in Peshawar city because he was in a nearby mosque attending Friday prayers.Platini stresses need to protect football, its values "The quality of the football is exceptional – better than ever – and the results are following close behind," UEFA President said.Iran denies it has forces supporting Assad in Syria "The true enemies of Syria make up these accusations to provoke the people of this country," Abbas Araqchi said.Deputy PM says Russian shipbuilding program at risk “We are planning to sink, and have already sunk big money into shipbuilding but I can’t see any payoff yet,” Rogozin said. |
