DRAM FLOATING EXCHANGE RATE WILL NOT JOLT ARMENIAN FINANCIAL …

Interfax
March 5 2009
Russia

The return to a floating exchange rate of the national currency will
not jolt the Armenian financial market, which is stable at present,
Armenian Prime Minister Tigran Sargsyan said on television on
Wednesday night.

Commercial banks have $700 million worth of cash, so(…)

ARMENIAN PREMIER DOWNPLAYS IMPACT OF NATIONAL CURRENCY DEVALUATION

Public TV
March 4 2009
Armenia

The Armenian prime minister has said that making the recent sharp
move towards a floating currency exchange rate was more effective than
letting the national currency devaluate gradually. He also downplayed
the impact of the move on society.

In an interview with Armenian Public

ARMENIA’S CENTRAL BANK LETS CURRENCY FLOAT

Public TV
March 3 2009
Armenia

[Presenter] The country’s Central Bank decided in an extraordinary
session today to return to the floating rate policy. From now on
the Central Bank will carry out interventions in the currency market
only in case of sudden fluctuations. Why has this decision been made
now? The