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Dollar passes AMD 417/$1 at Armenia’s stock exchange

16:14, 20.06.2012 Region: Armenia Theme: Economics

YEREVAN. – The US dollar’s exchange rate against the Armenian Dram (AMD) continues to soar in Armenia’s financial market. 

Its average exchange rate comprised AMD 417.61/$1, at NASDAQ OMX Armenia stock exchange on Wednesday, and this is the first time this year that the US currency’s average exchange rate exceeded the AMD 417/$1 level at the stock exchange.  

The total sales were $1.27 million.

And Armenia’s exchange offices raised the dollar’s buying exchange rate up till AMD 416.5/$1 and the minimum selling rate is at AMD 419/$1.

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