Monday, March 02, 2009

BLOG: Dollar-Problems in Armenia. Posted by Onnik Krikorian.

Armenia: No dollars in Yerevan

Life in the Armenian Diaspora reports that panicked citizens have been converting their local currency so frantically that there are now no dollars to be found at exchanges in the Armenian capital, Yerevan. The blog blames the artificial manipulation of the Armenian dram to benefit government-linked importers.

Armenia: Dollar Panic

The Armenian Observer reports that many in the country are rushing to change their local currency into dollars and limits have been introduced at currency exchanges.

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