Armenian dram devaluation to help local manufacturers, WB says

YEREVAN, March 6. /ARKA/. Devaluation of the Armenian dram will boost
local manufacturers’ business, WB Country Manager Aristomene Varoudakis
said on Wednesday, adding adjustments in currency exchange rate would
help Armenian companies boost exports and profitability.

This year, the global financial recession hit(…)

Armenia will benefit from shift to floating exchange rate regime,
Ashot Shahnazarian says

http://www.nt.am/news.php?shownews=1012764

YEREVAN, MARCH 6, NOYAN TAPAN. In the opinion of all international
experts, the value of a dollar was to be at 360-380 drams in Armenia,
and it was necessary to ensure stored supplies of dollar and goods for(…)

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(…)