{"id":29500,"date":"2011-11-10T10:37:45","date_gmt":"2011-11-10T10:37:45","guid":{"rendered":"https:\/\/armbanks.am\/2011\/11\/10\/234096\/"},"modified":"2024-12-15T12:53:39","modified_gmt":"2024-12-15T12:53:39","slug":"former-head-of-armenias-central-bank-says-drams-depreciation-within-acceptable-frameworks","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/11\/10\/29500\/","title":{"rendered":"Former head of Armenia\u2019s Central Bank says dram\u2019s depreciation within acceptable frameworks"},"content":{"rendered":"<p><strong>YEREVAN, 10 November. \/ARKA\/. <\/strong>A former head of Armenia\u2019s Central Bank, Bagrat Asatrian, said latest fluctuations of Armenian national currency, the dram, are within the acceptable frameworks. In an interview with ArmNews TV he said dram\u2019s devaluation did not go beyond logical framework.<\/p>\n<p>&#8220;I do not think there are grounds to worry about. I hope that the Central Bank will not intervene to prevent dram\u2019s devaluation,&#8221; he said.<\/p>\n<p>He added that fluctuations are within 2-3 percentage points. According to Asatrian, the depreciation of the dram will not affect inflation, as dram has lost only a few percents of its value, and this phenomenon is temporary.<\/p>\n<p>According to the National Statistical Service of Armenia, in October 2011, the average exchange rate of one USD was 376.45 drams, 4.5% higher than last year&#8217;s October when one USD traded at 360.28 drams. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former head of Armenia\u2019s Central Bank says dram\u2019s depreciation within acceptable frameworks.<\/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":[9214,12159,9216,314],"tags":[13033,12361,12345,308],"class_list":["post-29500","post","type-post","status-publish","format-standard","category-banks-en-en","category-exchange-market","category-news","category-314","tag-asatrian","tag-cba","tag-dram","tag-308"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - 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