Devaluation of Armenian dram result of activity of bankrupt-premier:opposition party
Devaluation of Armenian dram is the result of the activity of the bankrupt- premier Tigran Sargsyan, Chairman of Ramkavar-Azatakan Party of Armenia Haroutiun Arakelyan said at a press conference Wednesday. He said the drams should not have been so sharply devaluated against foreign exchange, reported ArmInfo.
'Central Bank should have been waging floating rate policy long ago. Devaluation of dram should have been gradual and not so sharp. As a result, we faced 30-40 percent rise of prices', Arakelyan said.
He said the government failed to bring big companies having surplus profits to the tax field. 'Government actions were aimed against the small and medium-sized entrepreneurships. The government proved ot brave enough to tax big companies', Arakelyan said.