DOLLAR’S RISE IS UNSTOPPABLE IN ARMENIA

news.am
June 21, 2012 | 16:50

YEREVAN. – The US dollar’s exchange rate hit a record high at NASDAQ
OMX Armenia stock exchange on Thursday.

As a result of trading, the dollar’s average exchange rate against
the Armenian Dram (AMD) comprised AMD 418.95/$1, and this is a
0.32-percent-or a 1.34-point-increase from the previous session
on Wednesday.

And this is the US currency’s highest exchange rate in Armenia ever
since June 27, 2006.

The total sales were $4.85 million.

And the dollar is bought at a maximum of AMD 418/$1, in Armenia’s cash
foreign currency market, and it is sold at a minimum of AMD 420/$1.