USD SHARP FLUCTUATIONS IN ARMENIA CAUSED BY CONFLICT OF ECONOMIC INTERESTS: ARMENIAN MPs
YEREVAN, MAY 6. ARMINFO. Armenia’s Parliament is concerned over the
sharp fluctuations of USD in the country.
Many MPs believe this to be the result of conflicting economic
interests. ARFD MP Levon Lazarian says that this may be due to
financial speculations but as well to the current processes in the
world economy. Some experts believe that the government is able to
control the fluctuations, says Lazarian noting that the most negative
consequence of this situation is that the people is losing confidence
in the government.
Republican Party MP Galust Saakyan calls the situation strange and
sees no convincing explanation to it. MP from People’s Deputy group
Mkrtich Minassyan says that unless the current USD machinations are
stopped his group will raise this issue in the parliament.
MP from State of Law party Mher Shahgeldyan supports this initiative
noting that Parliament wants to know if the situation is natural or
artificial. He says that fluctuating USD is having a negative impact
on Armenia’s economy and exports while opposition MP Viktor Dallakyan
notes that this process has gained “some influential entities” over
$290 mln in the last year alone.
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/2005/05/08/usd-sharp-fluctuations-in-armenia-caused-by-conflict-of-economicinte/
