ArmInfo.The rise in the value of the United States dollar and, accordingly, the devaluation of the national currency is the result of an emotional shock that does not contain anything fundamental. Deputy Prime Minister of Armenia Mher Grigoryan expressed this opinion on March 2 during the Government Hour in Parliament.
Tadevos Avetisyan, a member of the Hayastan opposition faction, pointed out that the US dollar has gradually risen in price over the past few days. Thus, according to the Rate.am website, the minimum purchase price of a dollar in Armenian banks is 488 drams (cash type of exchange), the sale price is 510 drams.
"This is an emotional shock, an emotional phenomenon and does not contain anything fundamental, at least as of yesterday, today, and probably tomorrow. Rest assured that this is so, since there have been no macroeconomic changes that contribute to the devaluation. This is normal phenomenon," the Deputy Prime Minister of the RA government explained.
