YEREVAN. – The exchange rates of the American dollar (USD) and the euro against the Armenian dram (AMD) have dropped in Armenia’s banks.
As of Monday at 11:35am, USD 1 was purchased at a maximum high of AMD 455.
The banks in Armenia bought the US currency at AMD 440-455/$1, Rate.am reported, and sold it at AMD 460-470/$1.
The euro, on the other hand, was bought at AMD 534-555/€1 and sold at AMD 565- 582/€1.
The dollar and euro exchange rates, which had reached record highs in Armenia on December 17, have begun falling since the same evening.