YEREVAN, September 6. /ARKA/. This year marks the 30th anniversary of the Armenian national currency, the dram, which is one of the most stable and recognizable symbols of Armenia’s independence and statehood, said the Chairman of the Central Bank Martin Galstyan, speaking at a conference devoted to the currency.
He noted that the conference was a unique platform for the exchange of ideas, uniting like-minded people from all over the world.
In his turn, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour emphasized the importance of trust in the currency, which, according to him, is present and visible in Armenia.
“During my meetings here in Armenia, I realized that Armenian citizens trust the dram,” he said. In terms of the historical development of the dram, he singled out two important events of the transition to a market and stable economy: the establishment of the Central Bank and the introduction of the dram.
The main discussions of the two-day conference on September 2-3, dedicated to the 30th anniversary of the Armenian dram and organized by the Union of Banks of Armenia and Rethinking Bretton Woods, focused on global and regional uncertainties that pose risks to countries’ economies and central banks’ inflation control policies, especially after the covid crisis.
The conference addressed common issues of global and regional processes, financial markets, inflation and economic shocks.
Experts and high-ranking officials from Armenia and international financial and academic circles, discussed the problems and risks characteristic of the post-covid world, as well as the issues of their effective management. -0-
