ArmInfo.. With the stabilization of the military-political situation in Armenia, the exchange rate will also stabilize and most likely return to its previous positions. One of the leading experts of the foreign exchange market, who asked to remain anonymous, said in a conversation with an ArmInfo correspondent.
He noted that the devaluation of the AMD against the US dollar, which has been taking place since September 13, is not sharp. The expert noted that the exchange rate shows such behavior under the influence of the military-political factor, and the economic factor does not work in this case. In such a situation, it is natural that the sale of currency has grown significantly. To Arminfo's question, why the decision of the Central Bank of the Republic of Armenia to raise the refinancing rate from September 13 from 9.5 to 10% did not hold back the course, the expert repeated his opinion: "Because this time only a political factor prompted the devaluation of the dram."
Summarizing his opinion about the devaluation of the dram against the dollar, the expert said. "There are no and will not be any shocks in the financial market. The Central Bank's policy is competent and correct. Inflation is under control, prices have stabilized."
It should be noted that on September 12-15, the average exchange rate of the dram in the retail foreign exchange market of Armenia, increased from 410 to 424 AMD/$1. In particular, on September 13, the dram devaluated against the dollar by 3 points, on September 14 - by 5 points, and on September 15 by 2:00pm - by 6 points. In relation to the euro and the Russian ruble, the dram also shows a devaluation mood, but more restrained than in relation to the dollar.
On September 13 at 00:05, units of the Azerbaijani Armed Forces began intensive shelling of Armenian positions from artillery and large-caliber guns in the direction of Gegharkunik, Vayots Dzor and Syunik regions using UAVs. Attacks were also made on civilian infrastructure facilities. Since last night, the fighting has ceased.
