EXCHANGE SHOPS OUT OF POWERS OF ECPSC
The exchange shops may have reached a criminal arrangement but the regulation of the financial market is out of the powers of the Economic Competition Protections State Committee (ECPSC), ECPSC press secretary Armine Udumyan told Panorama.am. The Central Bank interpreted the sharp depreciation of the American dollar during the weekend as a consequence of idleness of the stock exchange. During Saturday and Sunday, some exchange shops have made only one-sided deals. Zaruhi Barseghyan, press secretary of the Central Bank (CB), told Panorama.am that CB knows such cases and checks have started long ago. The results have not been summed yet and the checks continue. CB urges the citizens not to exchange money on the weekend. Before the weekend, one dollar was exchanged at the rate of 308-313 drams. One day later the rate was 290-300 drams and at some places it reached 280-295 drams. Yesterday the stock exchange recorded a new hit sales and purchase totaling 25 million 690 thousand drams. Experts say the developments are connected with the international financial market. Some say under these conditions the targeted inflation rate will go up by 2 percent.
EXCHANGE SHOPS OUT OF POWERS OF ECPSC
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- 1920 Lenin chairs a meeting of the Central Committee of the Russian Communist Party on the political question of Armenia and Georgia.
- 1991 The USSR Constitutional Oversight Committee deems unconstitutional the Supreme Soviets decision to create a Republic Organizational Committee in Soviet Azerbaijan headed by Viktor Polianichko (on 1990 01 15) in Artsakh as well as the 1991 11 23 decision by Azerbaijani President Mutalibov to dissolve the Nagorno Gharabagh Autonomous Region. It also revoked the reunification decision taken by Armenia and Artsakh on 1989 12 01. It does not annul the decision (1991 09 02) of the Nagorno Karabagh District Councils (including the Shahumian district) on the establishment of the Republic of Nagorno Karabagh. That decision was deemed in compliance with the then existing law of 1990 04 03 on the Procedure of Secession of a Soviet Republic from the USSR.
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