A senior government official downplayed on Thursday the continuing depreciation of Armenia's national currency, the dram, saying that it reflects a global trend and has not affected living standards in the country.
The dram lost almost 4 percent of its nominal value measured against the U.S. dollar last month and another 2.4 percent since June 1. It is currently trading at around 417 drams per dollar, down from 389 drams per dollar in mid-January.
Deputy Finance Minister Vartan Aramian called the exchange rate fluctuations "normal," saying that they have mainly resulted from the worldwide strengthening of the dollar. "We don't live on the Moon," he told reporters. "We live in the Republic of Armenia and what is happening around the world should affect us too."
Armenian News
No comments:
Post a Comment