US DOLLAR CONTINUES GOING UP, ARMENIAN DRAM DEPRECIATES
news.am
June 01, 2012 | 17:31
YEREVAN.- The average US dollar/AMD exchange rate made AMD 407.45/$1
at NASDAQ OMX Armenia stock exchange, Friday.
No trading was conducted at stock exchange on Thursday, while as
compared to Wednesday US dollar went up by 0.45% or 1.18 points.
The rate was higher only back in August 2006 when the rate reached
AMD 407.51/$1.
The Central Bank of Armenia obviously lacks necessary resources to
stop Armenian dram slump. The sales totaled $3.7 million.
The exchange offices have raised the dollar’s purchase exchange rate
up to AMD 407 and selling rate to AMD 408.5-410.
From: Baghdasarian
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