News & Articles : Armenia
ARMENIA: PANIC SHOPPING [+]
05-03-2009
Armenia said prices were stabilising on Wednesday after an initial spike on news the country would float its dram currency, and the authorities promised to fine shop owners trying to charge excessively. Shops saw panic buying after Tuesday's move by the central bank, which preceded an announcement by the IMF ...
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05-03-2009
Armenia said prices were stabilising on Wednesday after an initial spike on news the country would float its dram currency, and the authorities promised to fine shop owners trying to charge excessively. Shops saw panic buying after Tuesday's move by the central bank, which preceded an announcement by the IMF ...
Read more
ARMENIA DEVALUES DRAM [+]
04-03-2009
Armenia is set to become the first country to abandon its currency peg in the face of the global financial crisis. Armenia devalued its currency by 22 percent against the dollar as part of an agreement with the International Monetary Fund for a $540 million bailout.The IMF expects the dram ...
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04-03-2009
Armenia is set to become the first country to abandon its currency peg in the face of the global financial crisis. Armenia devalued its currency by 22 percent against the dollar as part of an agreement with the International Monetary Fund for a $540 million bailout.The IMF expects the dram ...
Read more
ARMENIA RALLY MARKS DEADLY RIOTS [+]
03-03-2009
Thousands of opposition supporters in Armenia attended a rally on Sunday to mark the first anniversary of its worst political violence since independence. The protesters in the capital, Yerevan, demanded early elections and the release of "political prisoners". Opposition leader and former President Levon Ter-Petrosian said the government needed to ...
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03-03-2009
Thousands of opposition supporters in Armenia attended a rally on Sunday to mark the first anniversary of its worst political violence since independence. The protesters in the capital, Yerevan, demanded early elections and the release of "political prisoners". Opposition leader and former President Levon Ter-Petrosian said the government needed to ...
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