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Central Bank refutes allegations on large-scale dollar purchases by foreigners in Armenia

10.12.2014 11:49

Central Bank refutes allegations on large-scale dollar purchases by foreigners in Armenia

YEREVAN, December 10. /ARKA/. Chairman of the Central Bank of Armenia (CBA) Artur Javadyan refuted at a press conference on Tuesday the alleged large-scale forex purchases by foreigners in the Armenian market.

According to rumors circulating in the society, foreign citizens tend to make large-scale purchases of greenback after the dollar versus dram rate surged sharply in the Armenian market.

“It is illogical disseminate such statements as there is no sense in bringing rubles into Armenia and buying dollars… It is an economically ignorant statement”, Javadyan said.

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