{"id":7193,"date":"2010-02-04T12:05:07","date_gmt":"2010-02-04T12:05:07","guid":{"rendered":"https:\/\/armbanks.am\/2010\/02\/04\/230569\/"},"modified":"2024-12-15T12:46:11","modified_gmt":"2024-12-15T12:46:11","slug":"armenian-premier-curbs-on-dollarization-to-create-favorable-environment-for-combating-inflation","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2010\/02\/04\/7193\/","title":{"rendered":"Armenian premier: Curbs on dollarization to create favorable environment for combating inflation"},"content":{"rendered":"<p><strong>YEREVAN, February 4. \/\u0410\u0420\u041a\u0410\/.<\/strong> Curbs on dollarization will create favorable environment for combating inflation, Armenian Prime Minister Tigran Sargsyan said Wednesday in National Assembly.<\/p>\n<p>\u201cPrecipitous dollarization in Armenia in 2009 up to 70% badly impacted inflation rate. We saw that economic entities converted their savings into dollars. As a result, the government\u2019s inflation-stemming mechanisms weakened.\u201d<\/p>\n<p>The premier said that devaluation of national currency creates inflation risks in the country.<\/p>\n<p>He said that the State Commission for Protection of Economic Competition would intensify its efforts, which will lessen inflation as well.<\/p>\n<p>Sargsyan said that it was proposed recently to expand powers of the commission for tighten its control over large companies.<\/p>\n<p>He said that price-setting process and pricing policy are under the government\u2019s control.<\/p>\n<p>The premier said that the government is doing whatever necessary to stem inflation in the country.<\/p>\n<p>He said that President Serzh Sargsyan convened a meeting Wednesday to discuss the matter.<\/p>\n<p>\u201cIt is not a secret that 2009 ended in high, 6.5% inflation, and inflation rate has been quite high in several years.\u201d<\/p>\n<p>Sargsyan said that the government will act in four directions.<\/p>\n<p>First, the Central bank of Armenia should use monetary mechanisms.<\/p>\n<p>Second, the government should apply its mechanisms to the situation.<\/p>\n<p>The third direction is price administration by commissions and the government, and the fourth is improvement of market mechanisms and enhancement of competition.<\/p>\n<p>The prime minister said relevant measures would be taken to curb inflation pressures. &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Curbs on dollarization will create favorable environment for combating inflation, Armenian Prime Minister Tigran Sargsyan said Wednesday in National Assembly.<\/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":[15837,12478,12479,12225,12402,12328,885],"class_list":{"0":"post-7193","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-curbs","10":"tag-dollarization","11":"tag-inflation","12":"tag-prime-minister","13":"tag-sargsyan","14":"tag-885"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/7193","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=7193"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/7193\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=7193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=7193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=7193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}