ArmInfo.On November 1-4, Deputy Minister of Economy of Armenia Arman Khojoyan, in charge of the agricultural sector, will visit the capital of Ukraine Kiev to discuss mechanisms for controlling prices for basic-needs products and conclude futures contracts.
According to the official website of the Armenian government, the decision was signed by RA Prime Minister Nikol Pashinyan on October 27.
As stated in the document, the Deputy Minister of Economy of the Republic of Armenia Arman Khojoyan will be sent to Ukraine (Kyiv) on November 1-4, 2021, to discuss issues of land reclamation, digital agriculture and animal husbandry with the Minister of Agrarian Policy and Food of Ukraine Roman Leshchenko, issues of developing mechanisms to restrain the possible rise in prices for essential products, conclusion of futures contracts with the First Deputy Minister of Economic Development, Trade and Agriculture - Trade Representative of Ukraine Taras Kachkim. Meetings with various officials and Khojoyan's participation in the WorldFood Ukraine 2021 exhibition are also planned.
A week earlier, on October 21, in a conversation with journalists, RA Minister of Economy Vahan Kerobyan complained about inflation about inflation, which absorbs incomes. " We must contain inflation with the tools we have in our arsenal," he said. According to Kerobyan, the Ministry of Economy is working with the main trading partners to provide domestic economic entities with supplies of products at a more or less favorable price for them.
So, consumer prices from September 2021 to September 2020 increased by 8.9% (against inflationary 1.4% a year earlier and pre-COVID 0.5% inflationary). In September 2021, a decrease in consumer prices by 0.1% was accompanied by a 0.7% revaluation of the dram against the dollar, and in January-September against the background of inflation of 3.6%, there was a revaluation of the dram against the dollar by 5.9% (against a deflation of 1.4% and the devaluation of the dram by 1.8% a year earlier). The estimated exchange rate of the dram to the dollar in September 2021 averaged 488.1 AMD / $ 1, exceeding by 0.3% the level of a year ago (486.7 AMD / $ 1).
