21/10/2010 14:54
B. Asatryan: Risk of currency war is real
Presently, the world is facing risk of currency war, with euro appreciating and dollar depreciating worldwide, Bagrat Asatryan, former President of the Central Bank of Armenia, told a news conference.
According to him, the reason behind this situation is first of all dollar-yuan, United States-China conflict which may destabilize the entire global currency system. The Bank of Japan carried out first major interventions over the past 10 years.
“There is concern about the situation, and Armenia should also consider it.”
Asatryan believes Armenian authorities should draw respective conclusions from the situation, they should carry our balanced currency policy and diversify their reserves.