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View Full Version : Armenia Devalues Dram by 21% to Clinch $540 Million IMF Loan - Bloomberg



NewsWhore
03-03-2009, 11:00 AM
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Armenia Devalues Dram by 21% to Clinch $540 Million IMF Loan (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Dasi7jHflydjI%26refer%3Dhome&cid=1310682862&ei=vVStScyfHKCaggO71_HqAw&usg=AFQjCNGnGukyP25LwRKOH8cDRWsExu1h-Q)
Bloomberg
By Helena Bedwell and Emma O’Brien March 3 (Bloomberg) -- Armenia devalued its currency by 21 percent against the dollar as part of an agreement with the International Monetary Fund for a $540 million bailout of the former Soviet republic. ...


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