{"id":95606,"date":"2016-02-25T12:04:20","date_gmt":"2016-02-25T12:04:20","guid":{"rendered":"https:\/\/armbanks.am\/2016\/02\/25\/244266\/"},"modified":"2024-12-15T13:22:27","modified_gmt":"2024-12-15T13:22:27","slug":"armenian-dram-falls-21-against-us-dollar-in-2014-and-2015","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/02\/25\/95606\/","title":{"rendered":"Armenian dram falls 21% against us dollar in 2014 and 2015"},"content":{"rendered":"

YEREVAN, February 25. \/ARKA\/.<\/strong> The Armenian dram fell 21% against the US dollar over the last two years, economist Karlen Khachatryan, the head of the All-Armenian Youth Movement NGO, told journalists on Wednesday.<\/p>\n

It means that Armenian national currency was more stable than other countries on post-Soviet space.<\/p>\n

Khacharyan said that Russian, Kazakh and Belarusian national currencies lost half of their values, and Ukrainian hryvna faced 200% devaluation against the dollar.<\/p>\n

Georgia\u2019s things are no better \u2013 its lari sank 40-43% against the American currency. Azerbaijan\u2019s manat slid 105%.<\/p>\n

Khachatryan said the European single currency dived 23% against the US dollar \u2013 deeper than the Armenian dram.<\/p>\n

He doesn\u2019t think that the dram\u2019s stability was ensured by the central bank\u2019s dram-supporting policy in 2015.<\/p>\n

The economist stressed that a combination of some natural factors supported the Armenian national currency\u2019s stability.<\/p>\n

In particular, a 30% decrease in money transfers to Armenia was offset by increase in foreign investments and the country\u2019s exports.<\/p>\n

As a result, reduction of dollar inflows was not so significant, and thanks to that the Armenian dram retained its value.<\/p>\n

The dram was the most stable national currency in the Eurasian Economic Union and the Commonwealth of Independent States. It lost only 14.9% of its value, while other EEU and CIS member countries\u2019 currencies lost much.<\/p>\n

In the beginning of 2016, the dollar started rising against the dram. As a result, the Armenian national currency fell 2.3%.<\/p>\n

According to the National Statistical Service of Armenia, the country\u2019s exports totaled $1 486.9 million in 2015 showing a 3.9% year-on-year decline, and imports shrank 26.5% to $3 254 million.<\/p>\n

Foreign investments in Armenia\u2019s economy received not via banking sector and without state administration in Jan-Sept 2015 amounted to about AMD 141.5 billion \u2013 36.6% more than in Jan-Sept 2014. –0—-<\/p>\n","protected":false},"excerpt":{"rendered":"

The Armenian dram fell 21% against the US dollar over the last two years, economist Karlen Khachatryan<\/p>\n","protected":false},"author":1,"featured_media":173275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12159,9216],"tags":[15837,12345,14127],"class_list":{"0":"post-95606","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange-market","8":"category-news","9":"tag-armenia-2","10":"tag-dram","11":"tag-karlen-khachatryan"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/95606","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=95606"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/95606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/173275"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=95606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=95606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=95606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}