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Dollar weakening stops in Armenia

Dollar weakening stops in ArmeniaJuly 14, 2012 | 18:35

YEREVAN.- The average US dollar/AMD exchange rate made AMD 411.6/$1 at NASDAQ OMX Armenia on Saturday, this is 0.1 point fall from the previous trading session on Thursday (no transactions were registered on Friday).

The sales totaled $4.95 million with all the deals made at the same exchange rate.

The dollar continues to rapidly lose ground in Armenia’s cash foreign currency market. Uncertainty in the market is growing resulting in quite high margins between the buying and selling rate of the US dollar ­ — AMD 407-413/$1.



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