We Did Our Best To Save Armenian Currency, Says Official

WE DID OUR BEST TO SAVE ARMENIAN CURRENCY, SAYS OFFICIAL

15:51 * 13.02.14

Though the Armenian Dram experienced certain devaluation recently,
everything possible was done to save the national currency, says a
senior banking official.

Speaking to reporters after the Thursday cabinet meeting, President of
the Union of Banks Samvel Tchzmachyan dispelled the concerns that the
Armenian currency may be withdrawn from circulation in the near future.

Asked about the plans for launching a single currency in the common
Eurasian area and its possible impact on Armenia’s economy, Mr
Tchzmachyan brought the example of the European Union. “I am inclined
to think that it will have a positive impact, but I don’t find it is
something to be discussed in the near future. Do you think the Euro
has left a positive impact on the European states …?” he replied.

Armenian News – Tert.am

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS