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Dollar Still Loses Value In Armenia

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  • Dollar Still Loses Value In Armenia

    DOLLAR STILL LOSES VALUE IN ARMENIA

    news.am
    June 26, 2012 | 17:06

    YEREVAN. - This is the second consecutive day that the US dollar's
    exchange rate against the Armenian Dram (AMD) fell in Armenia's
    financial market.

    Its average exchange rate comprised AMD 417.25/$1, at NASDAQ OMX
    Armenia stock exchange on Tuesday, and this is a 0.17-percent-or a
    0.71-point-drop from the previous trading session on Monday.

    The total sales were $3 million.

    The US currency is bought and sold at the AMD 416-418/$1 range in
    Armenia's cash foreign currency market.

    And the Central Bank's official exchange rate is set at AMD 418.02/$1.

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