NO DEFICIT OF GOODS IN ARMENIA
ARKA
March 5, 2009
YEREVAN, March 5. /ARKA/. No deficit of goods is currently observed in
Armenia nor is it expected during the next few months, stated Chairman
of the RA State Commission for Protection of Economic Competition
Ashot Shahnazaryan.
"No excitement on the commodities market is being observed now. The
population should not get panicky and bur large quantities of goods,"
Shahnazaryan told a press conference.
He gave assurances that sufficient quantity of all the essential
products is available in Armenia. Shahnazaryan stated that the
Commission will apply sanctions to violators.
CBA Board took into account the gradually worsening trade conditions
amid the present global economic and financial crisis, as well as
lower capital flow rates, and decided to restrict its interventions
in the currency market thereby reverting to its floating exchange
rate policy. CBA experts believe that the USD average exchange rate
will be 360-380 AMD/$1 this year.