Armenia’s national currency, the Armenian Dram lost about 10 percent of its value overnight.
“What do you do all day?” I asked.
“Sit around, smoke and drink coffee,” the traffic controller on one of Yerevan’s minibus routes chuckled back to me.
There’s sadness and troubled faces in Armenia’s banks, post-offices and around electronic payment terminals. Continue reading
Armenia’s economic freedom score is 68.9 according to the Index of Economic Freedom 2014, making its economy the 41st freest in the world. This annual index and ranking is created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world’s nations. The question is — does it tell us the full story? Continue reading