 Armenian Dram to have its stable place on marketOctober 5, 2009 - 18:43 AMT PanARMENIAN.Net - "The imperfect money-and-credit policy presents serious threat. Unpredictability and ineffectiveness of money market policy leads to fluctuations in foreign currency exchange rates, making increasingly negative influence on RA economy. National currency devaluation process is a positive one. Keeping forever the existing rate would spell waste of national reserves, to the detriment of economics' export potential and ability to attract investments. I support the floating currency rate and inflation targeting policy, which, unfortunately, was never practiced in RA," ex-Economy Minister, Edward Sandoyan, Pro-Rector of Russian-Armenian (Slavonic University), told a PanARMENIAN.Net reporter.  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 |  Related sections Latest news Protesters rally as Georgia debates 'foreign agent' bill  Georgian critics label the bill "the Russian law", comparing it to legislation used by the Kremlin to crack down on dissent.Azerbaijan, Jordan sign deal on defense cooperation Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement.First Canadian expert join EU mission in Armenia The first Canadian expert to join the European Union’s civilian mission in Armenia has arrived in Armenia.Armenian cemetery in Fresno hit by arsons six times since January Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. |
