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YEREVAN. – If the statement by chairman of the Central Bank of Armenia was made earlier, the currency market would have stabilized faster, head of the Union of Manufacturers and Businessmen of Armenia Arsen Ghazaryan said.

He noted that the Armenian dram started gaining value in several hours after CBA chairman Artur Javadyan’s remarks.

“These signals are very important for the market because emotions play a big role here. Yes, we have a liberal market, but speculation in currencies, including the black market, must be punished strictly,” he added.

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