ARKA News Agency, Armenia
Dec 26 2007
Armenia’s president promises to name guilty for fluctuation of dram rate
YEREVAN, December 26. /ARKA/. Armenia’s President Robert Kocharyan
promises to name those guilty for the fluctuation of the Armenian
dram rate towards the US dollar, recorded in current December.
The President’s press service told ARKA that during his traditional
meeting with 60 big entrepreneurs Kocharyan said that the
unreasonably abrupt fluctuations of the national currency that lasted
several days are among the most important events of 2007.
He said that necessary research has been conducted and the authors of
speculations will soon be revealed and will be accountable for that.
>From the beginning of the current year the American dollar has
devaluated towards Armenian dram by 16.39% – from AMD 363.5/$1 up to
AMD 303.91 as of December 20, 2007. From the beginning of December
the dollar has devaluated by 0.47%.
In the first decade of December, Chairman of the Central Bank of
Armenia Tigran Sargsyan said that the CBA will publish results of
investigation of the abrupt fluctuations of the currency rate in the
country after the presidential elections (February 19, 2008 – ARKA).
He said that the CBA conducted investigations and check-ups in the
exchange points and commercial banks, however taking into account the
heat of passion in the pre-election period, it was decided to make
the results public only after the presidential elections. -0–