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Premier: Reliable National Currency To Enable Armenia Resisting Cris

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  • Premier: Reliable National Currency To Enable Armenia Resisting Cris

    PREMIER: RELIABLE NATIONAL CURRENCY TO ENABLE ARMENIA RESISTING CRISIS

    ARKA
    Nov 24, 2008

    YEREVAN, November 24. /ARKA/. Reliable national currency and banking
    system will allow Armenia resisting the current world financial and
    economic crisis, Armenian Premier Tigran Sargsyan said at the official
    reception on the Banking Employee Day and the commemoration of the
    15th anniversary of the Armenian Dram Saturday.

    "After 15 years, we can state with satisfaction that Armenian Dram
    enjoys confidence and that today we have a stable and strong currency,"
    Sargsyan said.

    When Dram was introduced as national currency in 1993, the country had
    many economic and social problems and was surviving a severe winter,
    the Premier said. But, still, people understood it was a historical
    day as introduction of the national currency symbolizes restoration
    of Armenian independent statehood, he said.

    Armenian banking employee can be proud that the country's banking
    system is one of the foundations of the country's economic system
    and stable statehood, the Premier said.

    Armenian Dram was officially introduced as the national currency of
    Armenia on November 22 1993.
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