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Dollar still “going down” in Armenia

16:19, 30.08.2012 Region: Armenia Theme: Economics

YEREVAN. – The US dollar’s average exchange rate, against the Armenian dram (AMD), comprised AMD 408.49/$1, at NASDAQ OMX Armenia stock exchange on Thursday, and this is a 0.37-percent—or a 1.51-point—fall from Wednesday.

Thursday’s sales totaled $4.1 million at the stock exchange, and some trading was conducted at AMD 408/$1. 

The American currency’s devaluation is more noticeable in Armenia’s cash foreign currency market. The country’s exchange offices buy the dollar at AMD 407/$1 and sell it at AMD 409/$1.

As Armenian News-NEWS.am informed earlier, no transactions were conducted at NASDAQ OMX Armenia stock exchange on Wednesday.

The US dollar was offered at Tuesday’s exchange rate—that is, AMD 410/$1—but the demand rate did not pass beyond AMD 409/$1.   

The American currency seemed to be losing value in Armenia’s cash foreign currency market. The banks were buying the dollar at a maximum of AMD 408/$1 and selling it at AMD 410/$1 on Wednesday.

Armenia News - NEWS.am

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