
Yes, economy needs it. Yes, let it depreciate. Before 2003, one US dollar cost more than 500 AMD. That is, we have much room to return to the previous level. In the other countries appreciation was not so radical, but in Armenia it was abnormally radical. In Armenia’s case it is economically beneficial. The formula is as follows: if people save their money in terms of Armenian drams, their incomes will be higher than if they saved their money in foreign currency terms to wait for further appreciation of foreign exchange.
And the chairman of the Standing Committee on Economic Affairs, Parliament of Armenia, stated that the Armenian dram is the most stable currency in the region. Do you share his opinion?
Yes, I do. And thanks to our people, who have reduced their consumption this year. And we should be grateful for that. That is, a most interesting policy has been implemented, but our citizens have changed their behavior because if you do not buy your well-being goes down, which is more realistic. We did not deceive ourselves. Without incomes we could not afford luxuries. Has our life been worse? Yes, it has. But was it good living on borrowed money without being able to pay off? And it is a chance we should make a proper use of.