PaperBoy Posted March 4, 2009 Report Share Posted March 4, 2009 On March 3 the Central Bank of Armenia decided to give up the “policy of fixed currency rate”. As a result the Armenian dram devalued by 20 percent in a day. The CB did not ground for its decision which led the country to a chaotic situation. Source: http://www.a1plus.am/en/?page=issue&id=70018 Quote Link to comment Share on other sites More sharing options...
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