Armenian dram turns 18November 22, 2011 - 17:11 AMT PanARMENIAN.Net - On November 22, Armenian banking system celebrates Bank Employee Day and the 18th anniversary of the national currency Armenian dram, governmental press service reported. According to Armenian Prime Minister, Armenia’s banking system is one of the most stable sectors in the country’s economy that managed to withstand the crisis. Tigran Sargsyan stressed the importance of the banking system for the country’s economic development. “I congratulate bank employees wishing them new accomplishments,” he said. Armenian dram (translated as money) has been circulated since November 22, 1993. 1 dram includes 100 lumas, while luma coins are not used now. Policy of “floating exchange rate” is currently implemented. 21 banks are operating in Armenia. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |