POLICE EARN 11 MILLION DRAMS FROM PLATES AUCTION

ARMENPRESS
Nov 6, 2007

YEREVAN, NOVEMBER 6, ARMENPRESS: Armenian police have earned 10.7
million Drams from the first ever auction of preferred license plates
for owners of expensive cars. The move was said to rule out widespread
corruption and nepotism in the distribution of number plates.

The government decision became effective from September 1, obligating
the Armenian traffic police to hold special auctions for the license
plates.

Under the government decisions, the police is assigned to define
so-called "gold" number combinations, classify them into several
categories and set their price ranges.

The starting price of the most expensive category is 1.2 million drams
($3,500).

The police said today to Armenpress that 21 buyers and 14 observers
attended the first auction. Out of 50 number combinations 15 were
sold bringing a total of 10, 7 million Drams. The next auction is to
take place later this month.