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March 28
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YEREVAN. – Armenia will be getting a $200-million loan from international organizations by the year’s end, and the government hopes that the entry of this amount into the country will stabilize its financial market, Haykakan Zhamanak daily reported.

“A senior government representative, who wished to remain anonymous, told about this to our correspondent.

“At present, the officials from Armenia and lending organizations are discussing mechanisms on what they need to do so that the foreign currency entering Armenia does not flow into Russia.

“There is a view that one of the causes of the devaluation of the dram [, the Armenian national currency,] is that the [American] dollar is being taken from Armenia to the RF [i.e., the Russian Federation],” Haykakan Zhamanak wrote.

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