ECONOMIST “CURRENCY COST WRONG POLICY”
“The thing is that today in the world the cost of dollar decreases and the USA plays a role decreasing its value artificially. It stimulates its national producers and exporting organizations, in the result of which the American exporting reached 140 billions dollars monthly,” said Eduard Aghadjanov, an economist connected with the dollar cost decrease.
According to him, Armenia should hold the same policy defending the interests of national producer. “This is a worldwide accepted policy, but, for example, China defends the interests of its producers, and does not let to strengthen its currency cost. And this is a wrong way of the policy carried,” said the economist and added, “The accepted idea is that in the world dollar cost decreases, but we must understand that it brings dangers to the national producers and the import amount increases.”
To the question which is the best policy Armenia should hold, he answered that the one held by China is a good one. “That is to say that we must not let the cost of national currency valued so highly. If we continue in this way, then soon we’ll have the highest outside trade deficit near 1.8-2 billions dollars,” added he.