US Dollar Sets New Record In Armenia

US DOLLAR SETS NEW RECORD IN ARMENIA

news.am
25.05.12

On Friday, the Central Bank of Armenia (CBA) set the USD exchange rate,
AMD 406.67/US $1 against AMD 402.68/US $1.

According to rate.am, as of 5:00pm, Armenia’s commercial banks
purchased US dollars at an exchange rate of AMD 404/US $1 and sold
at an exchange rate of AMD 408/US $1.

May 21 to 25, NASDAQ OMX Armenia effected US $33,160,000 worth
transactions, the average exchange rate being AMD 404.03/US $1.

Armenia’s banks purchased US $74,164,898 at an average exchange rate of
AMD 400.9/US $1. Sales totaled US $101,629,968 at an average exchange
of AMD 402.41/US $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/2012/05/26/us-dollar-sets-new-record-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