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Dollar finally drops in Armenia

16:20, 03.04.2012 Region: Armenia Theme: Economics

YEREVAN. – Following a nearly-two-week rise, during which the US dollar gained value against the Armenian dram (AMD) by close to AMD 2, the dollar finally lost value at NASDAQ OMX Armenia stock exchange on Tuesday.  

As a result of trading, the dollar’s average exchange rate comprised AMD 391.53/$1, which is a 0.22-point reduction from Monday.  

The total sales were $6.52 million.

Armenia’s exchange offices still buy and sell the dollar primarily at the AMD 390-392/$1 range respectively.

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