Dollar’s Exchange Rate Stabilizes In Armenia

DOLLAR’S EXCHANGE RATE STABILIZES IN ARMENIA

news.am
February 21, 2012 | 17:21

YEREVAN. – After Monday’s relatively sharp increase, the US dollar’s
average exchange rate against the Armenian dram (AMD) stabilized at
NASDAQ OMX Armenia stock exchange on Tuesday.

As a result of trading, the average exchange rate was AMD 389.50/$1,
which is mere 0.01-point growth from Monday’s indicator.

The total sales were $950 thousand.

There is no change in the exchange rates of Armenia’s cash foreign
currency market. Just like on Monday, the exchange offices are
purchasing the US dollar at AMD 388-388.5/$1 and selling it at AMD
390-391/$1.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2012/02/22/dollars-exchange-rate-stabilizes-in-armenia/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS