{"id":39164,"date":"2012-07-14T11:54:29","date_gmt":"2012-07-14T11:54:29","guid":{"rendered":"https:\/\/armbanks.am\/2012\/07\/14\/235999\/"},"modified":"2024-12-15T12:58:31","modified_gmt":"2024-12-15T12:58:31","slug":"armenias-public-debt-served-ok-if-dram-devalues-up-to-20-newspaper","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/07\/14\/39164\/","title":{"rendered":"Armenia\u2019s public debt served ok if dram devalues up to 20%- newspaper"},"content":{"rendered":"<p><strong>YEREVAN, July 14. \/ARKA\/<\/strong>. Stress tests show that Armenia will not have problems with serving the public debt if dram devalues up to 20%, \u201c168\u201d newspaper reports referring to Deputy Finance Minister Vardan Aramyan.<\/p>\n<p>According to the latest data of end-2011, the public debt rose by 177.5 billion drams in 2011 from a year earlier. As a result of dram devaluation the public debt jumped\u00a0 by 80 billion drams.<br \/>\nHowever, Aramyan said the official strategy has already considered the potential currency risks.<br \/>\nSome risks related to the change of exchange rates, indeed exist, however, the stress tests showed that there will be no problems in serving the public debt if Armenian dram doesn\u2019t devalues more than 20%.<\/p>\n<p>He also added that in a long-term perspective dram devaluation may result in climb of Armenian export ensuring economic growth and increase in tax revenues.<br \/>\nArmenian national currency devalued against the U.S. dollar by 26.6 points or 6.8% (from 392.06 to 418.66 drams) from early May to July 4. The highest devaluation was reported on July 4 ( 418.66 drams per $1). &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stress tests show that Armenia will not have problems with serving the public 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":[12139,12159,9216],"tags":[15837,12490,12275,12345,350],"class_list":["post-39164","post","type-post","status-publish","format-standard","category-economy-en","category-exchange-market","category-news","tag-armenia-2","tag-currency","tag-debt","tag-dram","tag-350"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Stress tests show that Armenia will not have problems with serving the public debt\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"armenia,currency,debt,dram,\u0432\u0430\u043b\u044e\u0442\u0430\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2012\/07\/14\/39164\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Armenia\u2019s public debt served ok if dram devalues up to 20%- newspaper - 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