1. The Republic of Armenia - Past and Present
... military goods. In 1993, Armenia set up its own currency called the dram. The dram is printed exclusively by the Central Bank of Armenia. The Central Bank of Armenia is a separate entity from the government, but acts much like the Federal Reserve does in the United States by being the fiscal agent of the government and undertaking monetary policy to ensure ... promising for the small nation of Armenia. After a long history of power struggles and changes of regimes, it seems that Armenia will be able to survive and if they stay on the current course, they will even thrive as a nation rec...
- Word Count: 1451
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate