12.11.2014 17:53
YEREVAN, November 12. /ARKA/. The Central Bank of Armenia will pursue a floating exchange rate policy in 2015, just as this year, and will interfere only in the event of sharp fluctuations, Arthur Javadyan, chairman of the regulator, said Tuesday when specking in the National Assembly of Armenia over the draft budget for 2015.
He said that the current fluctuations in the Russian national currency’s exchange rates will have no direct impacts on Armenia’s economy.
“Exports to Russia make up only 20% of Armenia’s exports, and we see no grounds for forecasting considerable impacts,” he said. “Possible impacts may depend only on the currency economic entities have chosen in their contracts.”
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