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 | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |