Dollar Still Devaluating In Armenia

DOLLAR STILL DEVALUATING IN ARMENIA

December 25, 2012 | 15:52

YEREVAN. – The American national currency continues to depreciate at
Armenia’s financial market.

The dollar’s average exchange rate, against the Armenian dram (AMD),
comprised AMD 403.08/$1 at NASDAQ OMX Armenia stock exchange on
Tuesday; this is a 0.07-percent-or an AMD 0.17-drop from the previous
trading session on Monday.

Tuesday’s sales totaled $3.54 million at the stock exchange.

The US dollar is already sold at AMD 404/$1, at the cash foreign
currency market of Armenia, and the country’s exchange offices buy
it at AMD 401/$1, or at AMD 402/$1.

From: Baghdasarian