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US dollar declining against Armenian dram

18.09.2015 20:32

US dollar declining against Armenian dram

YEREVAN, September 18. / ARKA /. The US Dollar has declined today by 1.18 points from September 17 against the Armenian dram to 480.56 drams, the Central Bank reported.

According to the regulator’s data, the Armenian dram has been gaining since September 11, when the greenback’s average cost was 485.08 drams. The Central Bank attributed the strengthening of the national currency during the reporting period to the influx of export revenues in USD.

On September 17 evening the U.S. Federal Reserve cited concerns about growth world-wide in its decision to leave interest rates at their record lows at 0-0.25%.

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