{"id":20407,"date":"2011-03-04T06:06:57","date_gmt":"2011-03-04T06:06:57","guid":{"rendered":"https:\/\/armbanks.am\/2011\/03\/04\/232446\/"},"modified":"2024-12-15T12:50:14","modified_gmt":"2024-12-15T12:50:14","slug":"arshaluys-margaryan","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/03\/04\/20407\/","title":{"rendered":"Arshaluys Margaryan"},"content":{"rendered":"<p><strong>A visitor of Armbanks asks:<\/strong><\/p>\n<p>\u201cEBRD Chief Financial Officer Manfred Schepers, commenting on Russia\u2019s decision to issue ruble bonds, said that Armenia and Tajikistan may benefit from it because of Russia\u2019s increasing economic and political role and that Russian ruble was an ideal candidate to become a regional reserve currency for former Soviet rpoeublcius which make the Commonwealth of Independent States as Russia\u2019s political, economic and cultural influence in these countries was on the rise. What do you think about this?\u201d<\/p>\n<p><strong>Arshaluys Margaryan, chief of the Armenian Finance Ministry\u2019s division in charge of handling the country\u2019s state debt, answers this question: <\/strong><\/p>\n<p>\u201cRegarding balance of payment transactions in rubles, the fact is that the trade between Armenia and other former Soviet republics has been showing a slight contraction trend.<\/p>\n<p>Besides, Armenia trades with former Soviet republics mainly in U.S. dollars, and usage of ruble is quite rare in Armenia\u2019s trade with foreign countries.<\/p>\n<p>Russia extends loans to Armenia in dollars.<\/p>\n<p>The share of ruble in the central bank\u2019s reserves is very small amid insignificant usage of Russian currency in the private sector\u2019s foreign trade transactions.<\/p>\n<p>In addition to it, ruble is not viewed as reserve currency, and any effort to enhance the role of ruble would be needless in Armenia.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last answer was made by:\t\t\t\t\t\t\t<a href=\"http:\/\/www.armbanks.am\/en\/2011\/03\/04\/20407\/\"><img decoding=\"async\" src=\"http:\/\/www.armbanks.am\/wp-content\/uploads\/2011\/02\/minfin1.jpg\" alt=\"Arshaluys Margaryan\" style=\"border: 1px solid rgb(191, 191, 191); padding: 1px; float: left; margin-right: 5px; width: 83px;\"> <\/a><br \/>\n\t\t\t\t\t\t\t<a href=\"http:\/\/www.armbanks.am\/en\/2011\/03\/04\/20407\/\"><br \/>\n<span style=\"font-size: 13px; font-weight: bold;\"><br \/>\nArshaluys Margaryan <\/span><\/a> Chief of the Armenian Finance Ministry\u2019s division in charge of handling the country\u2019s state debt<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[13042,12713],"class_list":{"0":"post-20407","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-denominated-rubles","9":"tag-state-debt"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/20407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=20407"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/20407\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=20407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=20407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=20407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}