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  • Slight AMD Depreciation

    SLIGHT AMD DEPRECIATION

    news.am
    Nov 1 2010
    Armenia

    A slight AMD depreciation has inaugurated the week at the NASDAQ OMX,
    A total of U.S. $600,000 have been sold at an average exchange rate
    358.5 AMD/U.S. $1 today, November 1.

    On Oct. 29, at the close of exchange, the average exchange rate was
    357.75 AMD/U.S. $1. Last week, the Central Bank of Armenia (CBA)
    purchased about U.S. $11.5 million at the exchange - twice as much
    as ordinary injections. However, the CBA failed to prevent further
    AMD appreciation - down to 360 AMD/U.S. $1.




    From: A. Papazian
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