Public services regulatory commission: situation on commodity markets stabilized in Armenia
06.03.2009,
03:18
The situation on commodity markets has stabilized in Armenia, the pres service of Armenia’s Public Services Regulatory Commission reported.
YEREVAN, March 5. /ARKA/. The situation on commodity markets has stabilized in Armenia, the pres service of Armenia’s Public Services Regulatory Commission reported.
The Commission continues control over the developments on the markets, says the report.
According to the report, the fever has abated and no change in prices has been recorded in some retails chains and shops under monitoring throughout the country.
The 10-12% price rise was recorded for only 4-5 kinds of first priority goods.
“Along with stabilization of the dollar exchange rate and as a result of the preliminary discussions held with importers the situation is expected to improve in the commodity markets,” the press release says.
The Commission says it continues to respond to information and reports received on the matter.
Tuesday, the Board of the Central Bank of Armenia (CBA) decided to return to the policy of the floating rate due to worsening trade conditions under the global financial and economic crisis, as well as due to slowing-down of capital inflow. As a result, dollar rate went up from 305-308Drams to 380-400Drams for $1 during March 3 leading to rise in prices for first priority needs, including fuel.
According to CBA experts, exchange rate is expected to range between 360 Drams and 380Drams for $1 in 2009. –0--
The Commission continues control over the developments on the markets, says the report.
According to the report, the fever has abated and no change in prices has been recorded in some retails chains and shops under monitoring throughout the country.
The 10-12% price rise was recorded for only 4-5 kinds of first priority goods.
“Along with stabilization of the dollar exchange rate and as a result of the preliminary discussions held with importers the situation is expected to improve in the commodity markets,” the press release says.
The Commission says it continues to respond to information and reports received on the matter.
Tuesday, the Board of the Central Bank of Armenia (CBA) decided to return to the policy of the floating rate due to worsening trade conditions under the global financial and economic crisis, as well as due to slowing-down of capital inflow. As a result, dollar rate went up from 305-308Drams to 380-400Drams for $1 during March 3 leading to rise in prices for first priority needs, including fuel.
According to CBA experts, exchange rate is expected to range between 360 Drams and 380Drams for $1 in 2009. –0--
