YEREVAN, July 17. / ARKA /. The market value of USD has dropped further by 0.22 percentage points today from July 16 to 406.97 drams, the Central Bank of Armenia reported.

It said also the market value of a euro has dropped from 551.13 drams to 550.63 drams and the market value of Russian ruble fell from 11.84 drams to 11.63 drams.

At NASDAQ OMX Armenia stock exchange the greenback traded at 406.93 drams, a 0.08% drop from the previous day.

Forty-one transactions with USD were effected at the exchange today worth $5.95 million (the equivalent of 2.4 billion drams). No transactions were euros were made, it said. -0-