Armenian Dram Is Devaluating
Hetq.am
Business – 11 October 2014, 12:44
Over the past few days the dram has been falling. The Armenian Time
explains it by the deepening economic crisis in Russia, resulting in
decrease of foreign currency to Armenia. By the end of last week the
dollar-dram rate was 1 to 408.5. Yesterday one dollar equaled 412.75
AMD. And over the past 10 days the dram-dollar rate fell by 1.4%. The
slow pace of devaluation of the dram will continue in the future, the
newspaper forecasts.
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