IMF: Armenia should maintain floating rate policy

PanARMENIAN.Net - The influence of the global economic crisis on Armenia and other crisis is similar, IMF regional

Director said.



"A slowdown in world economic will affect Armenia. Another negative factor is the decrease of private transfers and volumes of direct foreign investments," IMF Middle East and Central Asia Department Masud Ahmed told an economic conference in Yerevan.



He emphasized that Armenia should maintain the floating rate policy. "Many countries reacted to the crisis with national currency devaluation," he said.