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Dollar shows signs of gaining value in Armenia

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  • Dollar shows signs of gaining value in Armenia

    DOLLAR SHOWS SIGNS OF GAINING VALUE IN ARMENIA

    news.am
    October 26, 2012 | 16:47

    YEREVAN. - The NASDAQ OMX Armenia stock exchange saw no foreign
    currency trading on Friday, and the reason is the rise in the US
    national currency's exchange rate against the Armenian dram (AMD).

    The dollar enjoyed an asking rate of AMD 406/$1, but the minimum offer
    was AMD 406.20/$1. As a result, the US currency has growth trends,
    and Thursday's average exchange rate was AMD 405.13/$1 at NASDAQ
    OMX Armenia.

    Some exchange offices have raised the American currency's buying
    rate all the way to AMD 405/$1, in Armenia's cash foreign currency
    market, and the more prevalent selling exchange rate is AMD 408/$1,
    as compared with AMD 407/$1 of the previous days.


    From: Baghdasarian
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