YEREVAN, July 11. /ARKA/. Monetary policies of Armenia, Belarus, Kazakhstan and Kyrgyzstan will be more effective if they will partially be oriented to the exchange rate of the Russian ruble, the Eurasian Development Bank's Center for Integration Studies says in its report about fluctuations in foreign exchange rates in 2014 and 2015, which contains analyses and recommendations.

The center's specialists are convinced that this measure would deter exchange rates from dramatic deviations.

In 2006, the Central Bank of Armenia started ensuring price stability and pursuing an inflation targeting policy from 3% target maximum. From 2008 until now inflation is projected at 4±1.5%.

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Tags: Armenia, exchange rate, monetary policy, Russian ruble

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