Armenia asks its citizens not to buy dollars

 

The Central Bank of Armenia has urged the residents of the country to limit their purchases of foreign currency."The Central Bank is ready to stabilize the situation on the market with the instruments it has. The Central Bank urges people to abstain from currency speculations and not to buy foreign currency, because this affects the exchange rate and is risky, and can cause severe damage," news.am quotes a statement of the CBA.The exchange rate of the Armenian dram to the US dollar has hit the record of 8 years ago. Analysts connect it to the fall of the ruble.

The Central Bank of Armenia has urged the residents of the country to limit their purchases of foreign currency.

"The Central Bank is ready to stabilize the situation on the market with the instruments it has. The Central Bank urges people to abstain from currency speculations and not to buy foreign currency, because this affects the exchange rate and is risky, and can cause severe damage," news.am quotes a statement of the CBA.

The exchange rate of the Armenian dram to the US dollar has hit the record of 8 years ago. Analysts connect it to the fall of the ruble.