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Dollar Continues "Climbing" In Armenia

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  • Dollar Continues "Climbing" In Armenia

    DOLLAR CONTINUES "CLIMBING" IN ARMENIA

    news.am
    July 03, 2012 | 16:33

    YEREVAN. - The US dollar's average exchange rate against the Armenian
    Dram (AMD) comprised AMD 419.08/$1, at NASDAQ OMX Armenia stock
    exchange on Tuesday, as compared with Monday's AMD 419/$1.

    The trading session commenced at AMD 419.25/$1, but afterwards the
    US currency retreated all the way to AMD 419/$1.

    The total sales were $1.65 million.

    And there are no substantial exchange rate changes in Armenia's cash
    foreign currency market. On the contrary, the exchange offices are
    more inclined to devalue the dollar. Specifically, the US currency
    is primarily bought at AMD 417.5/$1 on Tuesday, as compared with
    Monday's AMD 418/$1. And the dollar can be purchased at AMD 420 or
    421/$1. But some exchange offices even sell it at AMD 419.5/$1.

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