02/12/2014 20:50
Central Bank of Armenia advises to refrain from currency speculations
The Central Bank of Armenia (CBA) advises to refrain from currency speculations and unnecessary exchanges as currency fluctuations are related to big risks and one may suffer serious losses instead of making a profit, a statement issued by CBA says.
Developments on the world market and in the region in the last few days, including sharp fluctuations on the currency markets, led to certain expectations on the domestic currency market and strengthened currency fluctuations.
CBA considers these to be short-term phenomena and reaffirms its readiness to stabilize the situation on the market by using all instruments available.