YEREVAN, December 17. / ARKA /. The decision of the US Federal Reserve System to raise interest rate by 0.25% for the first time since 2006 will not affect the Armenian dram, economist Artak Manukyan told ARKA.

With this, the interest rates in the US are now in the range of 0.25 – 0.50 percent as compared to zero to 0.25 percent rage earlier. This is the first rate increase since 2006.

According to Manukyan, the Armenian economy "does not obey the basic market laws" which makes it ‘an island of peace." Because of this, he said, the Federal Reserve’s decision will not appreciate the greenback in Armenia.

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Asian stocks achieved strong gains for the week, especially in Southeast Asia, though regional markets were mostly lower on Friday ahead of next week’s key Federal Reserve policy meeting

Categories: Bonds.am @en @en, General news, News | Comments Off on Asia stocks pause after rally: Marketwatch

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