"Side Income" In Dram Amounts


11 Aug 06

The dropping exchange rate of the dollar brought about panic and
uncertainty among certain officials of Armenia. Their salaries are
naturally in drams. But the salary is not a source of income for them
but an alibi rather. They earn their living in dollars. "Side income"
is meant. We have learned that certain public officials decided to
take the "side income" in drams. However, our source has not found out
yet by which exchange rate they will calculate the "side income". In
brief, this information proves the effectiveness of the policy of
revaluation of the dram.

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