Armenia: Economic Fallout
The Armenian Economist examines the possible economic impact of post-election unrest in Armenia. The blog likens the situation to that following the disputed 1996 presidential election and says that depreciation of the dram might occur.
Indeed, the Dram already seems to have depreciated by some 5 percent relative to the Euro; it stood at 476 on March 10 compared t0 455 on February 18, and to 450 before February 12). Of course we would have to wait a bit longer to confirm any permanent realignment as was the case in 1996. Further depreciation of the Dram, which is inevitable, may lead to higher prices of imported food and commodities. […]
- Published:
- 03.12.08 / 11pm by Onnik
- Category:
- Armenia, Armenia Presidential Election 2008, Blogs, Economy, News Briefs, Opinion, State of Emergency
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