Wednesday, November 28, 2007


[05:02 pm] 26 November, 2007

The dollar has been "rolling back" since last week.

Nevertheless, despite the ongoing revaluation of the dram prices keep on hiking in Armenia. A1+ has conducted a poll to know our citizens' opinion on currency frustrations.

Most of the respondents state they can hardly survive nowadays. They change $100 per 30.000 drams while once $100 was equal to 55-60.000 drams.

"Prices keep increasing day by day. People are in utter despair," Karine Aslamazian says.

Some officials enrich their personal budget with the sums earned by people's honest sweat.

According to Karen Kalantarian the dollar devaluation was planned beforehand. He had asked his son working abroad to send no more money as the dollar is priceless in Armenia. "I had better starve than send to pot the money earned by the sweat of my son's brow."

"This is the least of the evils. Things will still worsen," most of the respondents said.

To note, today the exchange rate was 290 drams per a dollar.

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