SLIGHT AMD DEPRECIATION

news.am
Nov 1 2010
Armenia

A slight AMD depreciation has inaugurated the week at the NASDAQ OMX,
A total of U.S. $600,000 have been sold at an average exchange rate
358.5 AMD/U.S. $1 today, November 1.

On Oct. 29, at the close of exchange, the average exchange rate was
357.75 AMD/U.S. $1. Last week, the Central Bank of Armenia (CBA)
purchased about U.S. $11.5 million at the exchange – twice as much
as ordinary injections. However, the CBA failed to prevent further
AMD appreciation – down to 360 AMD/U.S. $1.

From: A. Papazian