YEREVAN, January 18. \/ARKA\/. On Monday, Hrant Bagratyan, representative of Armenian National Congress and former prime minister, speaking at a press conference, said that Armenian dram should be purposefully devaluated. <\/p>\n
He thinks that is this happens, businessmen will be interested in export. <\/p>\n
In his opinion, at the initial stage of the state promotion of export, exchange rate should be AMD 470 per one dollar. <\/p>\n
Now one dollar is being traded at AMD 377.36. <\/p>\n
The former premier said that despite the dram is being supported by the central bank, the value of the national currency has fallen. <\/p>\n
He thinks artificial support of the dram by the central bank is beneficial only for importers. <\/p>\n
Bagratyan thinks the Central Bank of Armenia, like China, should buy foreign currencies transferred to Armenia and lend them. <\/p>\n
He said that without support from the government the dram would devaluate in 2010. <\/p>\n
Bagratyan also said that the central bank\u2019s calculations and outlooks for exchange rates should be based on the basket that includes euro, dollar, Russian ruble and even Chinese yuan. <\/p>\n
In early March 2009, after the Central Bank of Armenia started pursuing the policy of floating exchange rates, Armenian dram has precipitously weakened. <\/p>\n
Experts at the central bank said one dollar would cost AMD 360 to 380 in 2009. -0–<\/p>\n","protected":false},"excerpt":{"rendered":"
Former premier: Armenian dram should be purposefully devaluated<\/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":[12159,9216,314],"tags":[15837,12345,12437,308],"class_list":{"0":"post-6421","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-exchange-market","7":"category-news","8":"category-314","9":"tag-armenia-2","10":"tag-dram","11":"tag-former-premier","12":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/6421","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=6421"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/6421\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=6421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=6421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=6421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}