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7.5 Million Drams in Monetary Awards to Armenian Chess Champs

According to a decision of the Armenian governement regarding the "ROA Budgetary System", 63 million drams from the 2008 budgetary reserve fund will be allocated to the Ministry of Sports and Youth Affairs to be transferred to the Armenian Chess Federation. 45 million drams, according to the government's decision, will go to the Armenian chess squad that emerged victorious in the 38th International Chess Olympiad held in Dresden from November 12-26. This breaks down to 7.5 million drams (approximately $24,800) to each of the six players and one coach. The remaining 18 million drams will be earmarked for events celebrating the team and their success at the Olympiad.

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