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Armenia's National Currency Stable Amid Financial Crisis

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  • Armenia's National Currency Stable Amid Financial Crisis

    ARMENIA'S NATIONAL CURRENCY STABLE AMID FINANCIAL CRISIS

    ARKA
    Nov 24, 2008

    YEREVAN, November 24. /ARKA/. Armenia's national currently is getting
    more and more reliable day by day even amid the global financial
    crisis, says a congratulatory message addressed by Speaker of the RA
    Parliament Hovik Abrahamyan on the occasion of the 15th anniversary
    of the Armenian dram.

    The Public Relations Department, RA Parliament, reports that in his
    message Speaker Abramyan pointed out that Armenia's transition to
    the dram created opportunities for the formation and development of
    the country's financial and banking systems as well as of economy.

    After Armenia regained its nationhood and established its state
    attributes, the National Flag, Emblem and Anthem, the country's
    transition to the Armenian dram proved to be one of the most decisive
    and important steps toward its economic independence, says the message.

    According to Abramyan, the Armenian dram is now a stable currency,
    which has ensured numerous tests. "As an element of history of
    independent Armenia, the Armenian dram has become an integral part
    of our everyday life," he said.

    Speaker Abramyan addressed a congratulatory message on the occasion
    of Bank Employee Day. He wished all the bank employees effective work
    for Armenia's prosperity.

    On November 22, 1999, the Armenian dram became Armenia's national
    currency.

    From: Emil Lazarian | Ararat NewsPress
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