00:01 - 22.05
Viewed 425 times
Outstanding Teen Kristina Ayanian to interview Prince Edward
22:07 - 22.05
Viewed 379 times
Karabakh war veteran: I lost 12 friends at war and decided to have 12 children
17:11 - 22.05
Viewed 299 times
North South road corridor will bypass Goris
18:03 - 22.05
Viewed 292 times
Armenian government sues Armavia
10:26 - 22.05
Viewed 271 times
We thank Armenia for observing sanctions against Iran – US ambassador
Haykakan Zhamanak: Oddities in Armenia’s financial market
YEREVAN. – One US dollar’s value dropped by 55 lumas, at Armenia’s stock exchange on Wednesday, and comprised AMD 397, Haykakan Zhamanak daily writes.
“But it is noteworthy that an extremely huge volume of trading—more than $8.5 million—was recorded. There can be no doubt that the most—if not, all—of this volume is the Central Bank’s foreign currency intervention.
The coming days will show whether this is sufficient to complement the growing demand for the dollar [in Armenia]. But it seems apparent that bizarre things are happening in the [country’s] financial market.
And it is also apparent that this is largely due to the circulation of huge [amounts of] money during the past [parliamentary] election season,” Haykakan Zhamanak writes.