Most commercial banks and exchange offices in Yerevan did not sell hard currency to citizens on Tuesday evening after a day of what could be described as ‘panic foreign exchange buying’. Some businesses, meanwhile, responded to the turbulence on the financial markets by stopping their trading in anticipation of stability.
Some Armenian political analysts have questioned the adequacy of the country’s parliament, which seems to be avoiding discussions of crucial issues for the country, focusing on derivatives and shunning responsibility.
The Armenian government remains committed to the policy of a floating exchange rate in conditions of “spontaneous developments of global trends”, Armenian Prime Minister Hovik Abrahamyan stated today, stressing that this policy is necessary for preventing long-term economic instability. At the same time, the head of the Armenian government stressed that the rights and interests of businesses and citizens will be protected.
On Tuesday evening at an extraordinary meeting the Parliament’s Armenian Revolutionary Federation’s (ARF) and Republican Party’s (RPA) factions adopted a statement condemning violence against opposition Armenian National Congress (ANC) MP Aram Manukyn and Karabakh war veterans; 71 MPs voted for it.
The European Union is ready to work with Armenia in all spheres that do not contradict the country’s commitments before the Eurasian Economic Union, Ambassador Traian Hristea, the Head of the EU Delegation to Armenia, told reporters in Yerevan on Tuesday.
An Armenian fair is underway in Moscow as part of an annual international Christmas time festival hosted by the Russian capital. Yerevan Mayor Taron Margaryan on Thursday attended the ceremonial opening of the “Armenia” fair that will be on till January 12.