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Dollar's Rise Is Unstoppable In Armenia

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  • Dollar's Rise Is Unstoppable In Armenia

    DOLLAR'S RISE IS UNSTOPPABLE IN ARMENIA

    news.am
    June 21, 2012 | 16:50

    YEREVAN. - The US dollar's exchange rate hit a record high at NASDAQ
    OMX Armenia stock exchange on Thursday.

    As a result of trading, the dollar's average exchange rate against
    the Armenian Dram (AMD) comprised AMD 418.95/$1, and this is a
    0.32-percent-or a 1.34-point-increase from the previous session
    on Wednesday.

    And this is the US currency's highest exchange rate in Armenia ever
    since June 27, 2006.

    The total sales were $4.85 million.

    And the dollar is bought at a maximum of AMD 418/$1, in Armenia's cash
    foreign currency market, and it is sold at a minimum of AMD 420/$1.

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