Armenia's 'Black Tuesday'
3,450 views · Published 21 March 2009 · 3:20 · Indexed 10 November 2026
Channel: Radio Free Europe/Radio Liberty · 2009 · News & Politics
On March 3, the Armenia Central Bank stopped propping up the national currency, the dram, against the dollar. As the dram plummeted, prices skyrocketed, and panic-stricken customers rushed to buy up staples. The effects of the currency crisis have hit ordinary Armenians hard, and are likely to be felt for a long time to come.
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