In Armenia in the 90s, the disappearance of the luma was presented as a technical detail. In fact, it was a political decision, a tacit admission that inflation had broken the basis of the measurement of value.
Today, when economic development is being talked about again, it is worth asking a simple question. why do we live without change?
The absence of luma not only simplifies the calculation. It also legitimizes “rounded” prices.
And the “rounded price” almost always works against the consumer.
This is not a small matter. This is a daily micro-inflation that no one calculates, but everyone pays.
So the question is much deeper:
Does the state protect the accuracy of the value, or has it come to terms with its distortions?
This is a simple test for the forces going to the upcoming elections. will they see this problem or will they continue to talk only about big numbers, ignoring the small but real losses?
Energy issues expert Vahe Davtyan
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