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Armenian Dram Is Devaluating

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  • Armenian Dram Is Devaluating

    Armenian Dram Is Devaluating

    Hetq.am
    Business - 11 October 2014, 12:44


    Over the past few days the dram has been falling. The Armenian Time
    explains it by the deepening economic crisis in Russia, resulting in
    decrease of foreign currency to Armenia. By the end of last week the
    dollar-dram rate was 1 to 408.5. Yesterday one dollar equaled 412.75
    AMD. And over the past 10 days the dram-dollar rate fell by 1.4%. The
    slow pace of devaluation of the dram will continue in the future, the
    newspaper forecasts.


    http://www.lragir.am/index/eng/0/economy/view/33086#sthash.sWFyAc5i.dpuf

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