Hispanic Business Magazine
Saturday 23rd November, 2013
Yerevan . Accession to the Customs Union (CU) implies introduction of a new single currency or linking of the national currencies of the CU countries to the Russian ruble in future, Hrant Bagratyan , oppositionist MP, the former prime minister of Armenia told reports, Tuesday. He is sure that the Central Bank of Armenia will lose its regulatory functions, if this happens. “With accession to the CU, many products will rise in price in the local market, as single customs duties – higher than they are now – will be applied. For instance, cigarettes and alcohol will rise in price due to difference…
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