Thursday, December 25 2014 13:37

Vice-premier: By stabilizing of the exchange rate, the margin in Armenia at the exchange units has returned to the norm 3-5 drams


Arminfo. The currency market in the Republic of Armenia has been stabilized and at this moment the sale and purchase differences in the exchange units make from 3 to 5 drams, which is within standard, Deputy Prime Minister of the Republic of Armenia and the Minister of International Economic Integration and Reforms Vache Gabrielyan said at today's session of the Government. (The pick of margin on 17 December was 20-30 drams to US dollar, edt.)

He said that by stabilization of the exchange rate prices in shops dropped. He also added that because of sharp devaluation of the Armenian dram, 94 shops were closed and did not function on 16-17 December. At present, these shops have returned to normal activity, he said. He also added that at present Armenia's State Commission for Protection of Economic Competition implements daily monitoring of prices at big stores. The prices at the gas fuel stations have been also stabilized. Gabrielyan said that Armenia's Central Bank is going to present the conception for regulation of activity of the exchange units.
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