YEREVAN. – Following a four-day “inaction,” foreign currency trading finally resumed Monday at NASDAQ OMX Armenia stock exchange.

And the US dollar’s average exchange rate, against the Armenian dram (AMD), immediately dropped all the way to AMD 411/$1. Furthermore, the American currency was even offered at a lower rate at the end of the trading session.     

And the total sales were $1.9 million at the stock exchange.

The dollar’s exchange rate fell sharply in Armenia’s cash foreign currency market, too. The exchange offices have lowered the American currency’s buying exchange rate all the way to AMD 407-408/$1, and they sell it at AMD 411-412/$1.       

The dollar is expected to continue losing ground in Armenia.