Committee chairman of Milli Majlis: “Liberation of Karabakh from occupation is a huge economic blow to Armenia which exploited its recourses”

Committee chairman of Milli Majlis: “Liberation of Karabakh from occupation is a huge economic blow to Armenia which exploited its recourses”
  • Clock-gray 15:14
  • calendar-gray 01 December 2020

“Liberation of Karabakh from the occupation is a huge economic blow to Armenia which exploited its recourses,”  chairman of Economic policy, industry and entrepreneurship of Milli Majlis Tahir Mirkishili told APA.

The chairman of the Committee said that currently, Armenia’s foreign debt is about USD 8,1 bln, while the total volume of foreign exchange reserves is USD 0,95 bln: “Country’s foreign debt reached 60.32 percent of gross domestic product (GDP). In January-September of this year setback in the Armenian economy was 6,6 percent. Investment in the economy made up USD 99 mln. The dram, the national currency, is rapidly depreciating: currently, 1 dollar is 525 drams “

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