DOLLAR STILL LOSES VALUE IN ARMENIA

news.am
June 26, 2012 | 17:06

YEREVAN. – This is the second consecutive day that the US dollar’s
exchange rate against the Armenian Dram (AMD) fell in Armenia’s
financial market.

Its average exchange rate comprised AMD 417.25/$1, at NASDAQ OMX
Armenia stock exchange on Tuesday, and this is a 0.17-percent-or a
0.71-point-drop from the previous trading session on Monday.

The total sales were $3 million.

The US currency is bought and sold at the AMD 416-418/$1 range in
Armenia’s cash foreign currency market.

And the Central Bank’s official exchange rate is set at AMD 418.02/$1.