Pawn shops remain undecided
Support A1+!A number of pawn shops in Yerevan refuse to take bonds due to the sharp rise of the dollar.
"We don't know what to do-raise the percent of the bond or not. There is no sense in working now," told "A1+" a worker of the pawn shop located on Mashtots Avenue.
Workers at another pawn shop on the same avenue explained that they don't have any drams and that they will solve the issue tomorrow. In fact, many people are currently trying to hand their precious items for getting prepaid money.
There are currently only one or two pawn shops taking bonds in Yerevan, but their monthly interest rates have sharply increased.
"The monthly interest rate for bonds yesterday was 6 percent. Due to the rise of the dollar we accept 15% interest rate. We still don't know how we are going to work and we need time to make a decision," told "A1+" head of the pawn shop.
The price of gold also went up by 1,900 drams today with 29 dollars for one gram. People don't even want to pay 15 dollars for gold in the markets.
