National Currency Stabilization To Attract Foreign Investments

NATIONAL CURRENCY STABILIZATION TO ATTRACT FOREIGN INVESTMENTS

PanARMENIAN.Net
04.03.2009 23:21 GMT+04:00

/PanARMENIAN.Net/ Stabilization of national currency will attract
foreign investments, according to Armenian CB official.

"Any foreign investor should be aware of the risks in exchange rate
to make maximal profit," Central Bank Vice President Vache Gabrielyan
told a news conference on Wednesday.

He emphasized that the capital market of developing countries is
attractive, since it can provide a 10% extra profit, as compared with
the market of developed states.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2009/03/06/national-currency-stabilization-to-attract-foreign-investments/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS