DRAM/DOLLAR EXCHANGE RATE GOES UP TO AMD360/$1 IN FEW HOURS IN ARMENIA
PanARMENIAN.Net
03.03.2009 12:25 GMT+04:00
/PanARMENIAN.Net/ The dram-to-dollar exchange rate has gone up to AMD
360/$1 in few hours today against yesterday’s 305 -310 index for sale
and purchase respectively.
Dram/euro exchange rate reached AMD 440 (against 387).
The upsurge followed CB President Arthur Javadian’s statement on
cessation of control over the foreign currency market and return to
floating rate policy.
According to the Central Bank, the dollar exchange rate will fluctuate
from AMD 360 to 380 in 2009.
In the past days, the purchase of U.S. dollar was extremely limited.
Some sources say that the Central Bank decreed to suspend all dollar
exchange operations.