YEREVAN. - The following tendency is observed in Armenia’s financial market: Armenian dram’s devaluation lasts long, while appreciation is quick and smooth.
One can draw a conclusion that Armenian dram is likely to weaken than strengthen at least by New Year’s Eve.
The average exchange rate made AMD 376.50/$1 on NASDAQ OMX Armenia stock exchange on Friday.
Exchange offices purchase US dollar at the rate of AMD375/$1 and sell at the rate of AMD 378-379/$1.
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