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US Dollar Continues Going Up, Armenian Dram Depreciates

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  • US Dollar Continues Going Up, Armenian Dram Depreciates

    US DOLLAR CONTINUES GOING UP, ARMENIAN DRAM DEPRECIATES

    news.am
    June 01, 2012 | 17:31

    YEREVAN.- The average US dollar/AMD exchange rate made AMD 407.45/$1
    at NASDAQ OMX Armenia stock exchange, Friday.

    No trading was conducted at stock exchange on Thursday, while as
    compared to Wednesday US dollar went up by 0.45% or 1.18 points.

    The rate was higher only back in August 2006 when the rate reached
    AMD 407.51/$1.

    The Central Bank of Armenia obviously lacks necessary resources to
    stop Armenian dram slump. The sales totaled $3.7 million.

    The exchange offices have raised the dollar's purchase exchange rate
    up to AMD 407 and selling rate to AMD 408.5-410.


    From: Baghdasarian
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