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May 09
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YEREVAN. – The forex trading margin has stabilized in the currency exchange offices in Armenia.

The Deputy Prime Minister and Minister of International Economic Integration and Reforms, Vache Gabrielyan, stated the above-said at Thursday’s Cabinet session.

At present, the currency trading margin is between 3 and 5 Armenian drams, or within the perennial norm.

Around 90 stores, which had closed their doors from December 15 to 17 and due to gloomy expectations, are operating again. In addition, the price tags, which the stores had removed as a result of the exchange rate-related confusion in the country, are reinstated.

“There are data that the retail prices have dropped substantially after the peak on December 17, and they tend to stabilize; this also refers to the [natural] gas [filling] stations [for vehicles],” Gabrielyan noted, in particular.

The dollar and euro exchange rates had reached record highs in Armenia on December 17, but they have dropped ever since the same evening.

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