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Bad fate awaits Armenia`s national currency – Devaluation is inevitable

27.10.2020,17:54


October 27, Fineko/abc.az. The devaluation of the national currency of Armenia is inevitable, ABC.AZ reports citing Vusal Gasimli, the executive director of the Center for Analysis of Economic Reforms & Communications.

According to Gasimli, due to the reduction in aid the purchasing power is falling. And due to the decrease in purchasing power, the devaluation of the dram is not so noticeable yet, but the national currency is falling in price. He added at the same time that there is no threat to the exchange rate of the Azerbaijani manat.