Tigran Sargsyan: CB new policy justified

PanARMENIAN.Net - New CBA policy is justified and creates favorable conditions both for importers and exporters, RA Prime Minister Tigran Sargsyan stated in his TV announcement. According to him, there are many who insist on the necessity of phased introduction of floating exchange rate policy, i.e. gradual reduction of national currency exchange rate, yet this might bring many negative consequences, specifically market participants' negative expectations, that would result in speculation and significant exchange rate fluctuations. CBA established national currency fluctuations limit, which clears up the situation for all market participants and allows to avoid unnecessary disturbance, RA Prime Minister concluded.