YEREVAN, August 14. /ARKA/. Armenia has enough resources to maintain the financial stability, said Tatul Manaseryan, the head of Alternative think tank in Yerevan.
In his words, Armenia’s financial stability is obvious in the region against the backdrop of depreciating Turkish lira, the Iranian currency and Azerbaijani manat.
‘Armenia’s monetary policy appeared to be able to ensure financial stability, which is an important factor for foreign investors, ” he said to a news conference.
According to Manaseryan, depreciation of the Russian ruble directly affects the Armenian economy. In particular, the fall of the ruble has decreased its purchasing power in Russia , which, in turn, may affect Armenian exports to that country.
At the same time, according to Manaseryan, the depreciation of the ruble allows buying cheaper imported products, and this must be used, making reserves for future use.
“The Western sanctions against Russia and Iran are very sensitive for Armenia. This is why the Armenian government should implement flexible policies,” he said, explaining that Armenia has all the resources, such as tourism and exports, to maintain financial stability.
At the same time, he did not exclude possible shocks, since the Armenian economy was always dependent on the outside world. -0-
