IMF not expecting dramatic currency fluctuations in Armenia

The International Monetary Fund (IMF) does not expect dramatic currency fluctuations in Armenia, panorama.am said.
IMF resident representative in Armenia Guillermo Tolosa told reporters today the currency exchange rate is formed through the results of market relations, and fluctuations are possible depending on tertian factors.
He said that the economic growth in Armenia coincide with the IMF forecasts. IMF forecasts predict 4.8% GDP growth for Armenia and a drop in inflation.
According to Tolosa, though the financial crisis is largely over, this doesn't mean all difficulties are in the past. He stressed that the government should form a policy to face the challenges.

2605 views
We use cookies and collect personal data through Yandex.Metrica in order to provide you with the best possible experience on our website.