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Newspaper: Armenian authorities may devaluate dram

02.11.2016 16:13

Newspaper: Armenian authorities may devaluate dram

YEREVAN, November 2. /ARKA/. The Armenian authorities may drive the national currency down, according to Haykakan Zhamanak (Armenian Time).

Armenia’s foreign debt has grown by $110 million over one month and by $517 million since the beginning of this year reaching $5 594 million in late September.

The authors of the publication have noticed a certain remarkable change in the state debt structure – the authorities put emphasis on building up the country’s internal, not foreign debt. Armenia’s foreign debt has grown 10% since the beginning of this year, while its domestic debt has grown by 30%.

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