{"id":25277,"date":"2011-07-15T06:45:01","date_gmt":"2011-07-15T06:45:01","guid":{"rendered":"https:\/\/armbanks.am\/2011\/07\/15\/233388\/"},"modified":"2024-12-15T12:52:10","modified_gmt":"2024-12-15T12:52:10","slug":"bagrat-asatryan-armenias-trade-deficit-believed-to-grow-further-2","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/07\/15\/25277\/","title":{"rendered":"Bagrat Asatryan: Armenia\u2019s trade deficit believed to grow further"},"content":{"rendered":"<p><strong>YEREVAN, July 14. \/ARKA\/. <\/strong>Bagrat Asatryan, former chairman of the Central Bank of Armenia, speaking Thursday at a news conference, said the country\u2019s trade deficit is set to grow further because the country\u2019s imports exceed exports 4 times.<\/p>\n<p>He said that import in the first five months of this year the country\u2019s import was growing faster than export.<\/p>\n<p>According to the official statistical reports, exports totaled $487.7 million in Jan-May 2011 after growing 30.8%, and imports grew 12.6% to $1569.9 million.<\/p>\n<p>As a result, adverse foreign trade balance amounted to $1082.3 million.<\/p>\n<p>Asatryan also spoke about foreign currency reserves saying that the regulator\u2019s efforts to bar the national currency from devaluation by selling foreign currencies produce no effect.<\/p>\n<p>\u201cForeign currency reserves totaled $1.865 billion in December 2010, and by late July 2011 they amounted to $1.765 billion,\u201d he said. \u201cIt means $100 million was sold, and this ensured relative stability to the forex market.\u201d -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bagrat Asatryan, former chairman of the Central Bank of Armenia, speaking Thursday at a news conference, said the country\u2019s trade deficit is set to grow further because the country\u2019s imports exceed exports 4 times.<\/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":[15837,12269,12497,315],"class_list":{"0":"post-25277","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-asatryan","10":"tag-deficit","11":"tag-315"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/25277","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=25277"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/25277\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=25277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=25277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=25277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}