Yerevan/Mediamax/. Central Bank of Armenia can struggle against inflation exclusively by monetary tools, which are not efficient, taking into account the large volumes of shadow economy, MP from “Dashnaktsutiun” faction Artsvik Minasyan said.

Mediamax reports that, speaking at a news conference in Yerevan today, Artsvik Minasyan expressed an opinion that there is no complex approach in Armenia as to struggle against inflation and all state structures are inclined to lay the responsibility for his struggle on each others.

At that, the MP noted that the government has not approved any single proposal of “Dashnaktsutiun” on deterring inflation.

“In particular, we were offering the government to form reserves of first necessity products and organizing their sale through the market of derivative securities. As a result, for instance, the monopoly importer of sugar to Armenia will not be able to announce a price according to its wish, and will have to sell it in Armenia through the exchange”, Artsvik Minasyan said, noting that as a result a competitive price would be formed and other economic entities would get the chance to enter that market. 

MP said that such a decision is necessary for Armenia, where import of sugar, wheat, fuel and many other goods of first necessity is monopolized.

Speaking of the reasons of the authorities’ refusal to approve such a decision, Artsvik Minasyan expressed a view that such a decision “is not profitable for people, who have an influence on the system of country governance”.