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YEREVAN. – The devaluation of the Russian ruble continues to keep hundreds of thousands of Armenia residents, who receive remittances from the Russian Federation (RF), in a nervous state, Haykakan Zhamanak daily reported.

“This time the Bloomberg agency’s information that the RF Central Bank [CB] is preparing to limit the movement of capital, to stop the increasing outflow of capital from the country, has caused a record-breaking devaluation of the ruble.

“And even though the Central Bank denied this information, the general panic was managed to be stopped only after when the RF Ministry of Finance publicly considered the curtailing of the movement of capital impermissible.        

“During this time, however, the CB had sold close to $600 million, to prevent a dramatic collapse of the ruble,” Haykakan Zhamanak wrote.

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