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Dollar still loses value in Armenia

17:06, 26.06.2012 Region: Armenia Theme: Economics

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.

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