Feel the difference

09/09/2005

While the society and the participants of the currency exchange market
try to understand the purpose of the usual “adventure” of Tigran
Sargsyan, yesterday CB wanted to sell 3 mln USD to the bank system with
the purpose of making the USD exchange rate increase stop, but the
banks refused to buy it with the prices offered by the CB. In other
words, Tigran Sargsyan wants to show, that he is worried about the
situation in the financial market and that he tries to make efforts to
control this situation. In case, when during the USD inflation Tigran
Sargsyan announced all the time, that CB has no right to make
intervantions in the currency exchange market. Simply the income of the
citizens was being cut down for several hundred dram each day because
of USD inflation, and because of AMD inflation, the super-profits of
the importers are cut down for several hundred dram every day.