DOLLAR PASSES AMD 417/$1 AT ARMENIA’S STOCK EXCHANGE

news.am
June 20, 2012 | 16:14

YEREVAN. – The US dollar’s exchange rate against the Armenian Dram
(AMD) continues to soar in Armenia’s financial market.

Its average exchange rate comprised AMD 417.61/$1, at NASDAQ OMX
Armenia stock exchange on Wednesday, and this is the first time this
year that the US currency’s average exchange rate exceeded the AMD
417/$1 level at the stock exchange.

The total sales were $1.27 million.

And Armenia’s exchange offices raised the dollar’s buying exchange rate
up till AMD 416.5/$1 and the minimum selling rate is at AMD 419/$1.