Current News


Armenia: Falling Currency Leads to Run on Stores

Published: March 3, 2009

Armenians rushed to buy bread, butter and other staples on Tuesday and stores shut down in panic after the government announced it would let the currency fall and was seeking a bailout from the International Monetary Fund. Banking authorities said the national currency, the dram, could lose a quarter of its value, and prices for imported goods were expected to rise sharply.






The Power Hour:
(7-10am CST)
иииListen Live

Listen FREE thru Global Star Satellite Feed






All logos and trademarks in this site are property of their respective owner.
FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to:

Copyright © 2007. The Power Hour. All rights reserved.