{"id":251111,"date":"2023-10-04T11:58:11","date_gmt":"2023-10-04T11:58:11","guid":{"rendered":"https:\/\/armbanks.am\/2023\/10\/04\/251111\/"},"modified":"2023-10-04T11:58:11","modified_gmt":"2023-10-04T11:58:11","slug":"economist-panic-operations-in-armenias-financial-market-should-be-suspended-to-avoid-negative-consequences","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/10\/04\/251111\/","title":{"rendered":"Economist: panic operations in Armenia&#8217;s financial market should be suspended to avoid negative consequences"},"content":{"rendered":"\n<p><strong>YEREVAN, October 4. \/ARKA\/.<\/strong> Two weeks ago, the US dollar traded at 387 drams; today it is trading at 420-450 drams, economist Hrant Mikayelyan said.<\/p>\n\n\n\n<p>&#8220;There is a flight of capital and flight of deposits, mass currency exchange, a panic. In this situation, it is necessary to suspend all these operations for a certain time, for 2-3 days until there is some stability in the forex market to prevent more negative consequences,&#8221; he wrote in TG-channel.<\/p>\n\n\n\n<p>According to Mikayelyan, expecting everything to be normal in the economy &#8220;when the historical region of Armenia (Nagorno-Karabakh) has been destroyed, when we have mass casualties and refugees is crazy.&#8221;<\/p>\n\n\n\n<p>&#8220;All the more so when Armenian exporters already have serious problems on the Russian border amid the conflict between the Yerevan authorities and those in Moscow,&#8221; he added.<\/p>\n\n\n\n<p>Since September 19, when Azerbaijan attacked Nagorno-Karabakh, the Armenian dram has been losing value against USD. On October 2, the US dollar surged by almost 9 drams to 400 drams and grew further the following days to 413.45 drams.<\/p>\n\n\n\n<p>About 60 trucks with Armenian cognac are waiting at the checkpoint Upper Lars on the Georgian-Russian border to enter Russia. The line emerged after Russians decided to step up quality check of Armenian produce, said Vahan Hakobyan, Armenian customs attach\u00e9 deployed at the border crossing.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two weeks ago, the US dollar traded at 387 drams; today it is trading at 420-450 drams, economist Hrant Mikayelyan said<\/p>\n","protected":false},"author":1,"featured_media":196626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12159,9216],"tags":[],"class_list":{"0":"post-251111","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange-market","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251111","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=251111"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/196626"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}