YEREVAN. – The US dollar is still losing ground in Armenia’s financial market. 

The American currency’s average exchange rate, against the Armenian dram (AMD), comprised AMD 407/$1, at NASDAQ OMX Armenia stock exchange on Thursday, and this is a 0.19-percent—or a 0.79-point—fall from the previous trading session on Wednesday.

In addition, the dollar was even offered for a lower exchange rate at the end of the trading day.   

And the total sales were $3.75 million at the stock exchange.

In Armenia’s cash foreign currency market, the exchange offices sell the US currency at AMD 407.5/$1, and the dollar’s buying rate has dropped all the way to AMD 404-405/$1.