YEREVAN, April 27. /ARKA/. The market exchange rate of Armenia's national currency, the dram, can devaluate and revaluate, Deputy Chairman of the Central Bank Nerses Yeritsyan said at a meeting of the parliamentary committee on financial-credit and budget issues on Tuesday.

“The Central Bank does not forecast the exchange rate of the currency. Our goal is inflation if we want to form inflationary expectations, which is the basis of stability and the main way to protect the purchasing power of the dram. The exchange rate should be more fluctuating than inflation,” Yeritsyan said.

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The chairman of the Armenian Central Bank Artur Javadyan downplayed Tuesday concerns that the revaluation of the national currency, the dram, may cause damage to the economy

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The recent revaluation of the Armenian dram was due to the improvement of the external account of Armenia’s payment balance, Smvel Chzmachyan, the head of the Union of Banks of Armenia, said in an interview with Zhamanak (Time)

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The revaluation of the real effective AMD exchange rate against foreign currencies stood at 1% in May from April, the Central Bank said in its monthly newsletter

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Revaluation of Armenian national currency is an unfavourable solution to the economy and manufacturers, Armenian President Serzh Sargsyan said Friday

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Central Bank of Armenia doesn’t see any reasons for possible revaluation of national currency”, said Artur Javadyan, Chairman of the Central Bank of Armenia.

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