YEREVAN, February 2. /ARKA/. The Euro was trading in Armenia today at 600.58 drams, the highest exchange rate since 2005, the Central Bank said. The Euro exchange rate has been growing steadily since January 24th.

The Euro is supported by expectations from the ECB to complete the buying of bonds after September of this year.

The US Dollar exchange rate has gown today by 0.06 percentage points from February 1 to 481.04 Drams. The Russian Ruble has not changed trading at 8.55 drams.-0-

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The euro went 0.24 percentage points down against the Armenian national currency on Wednesday, compared with Tuesday, and traded at 499.81 drams, on average, at Armenia’s forex market

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The three-week bank shutdown in Greek has cost the country’s struggling economy 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, the Kathimerini daily said Saturday citing commerce groups

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European stocks dropped and the euro weakened as Greek voters’ rejection of austerity sent investors to the relative safety of Treasuries, German bunds and the yen, Bloomberg reports

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German KfW will provide a 205 million euros soft loan and a grant worth about 4.8 million euros to Armenia for a number of programs

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Armenia’s law-enforcement authorities have detained two men suspected of selling a large batch of fake euros as part of a criminal case, being handled by the Investigative Committee’s branch in the town of Ararat, the administrative center of the same name province

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The European Investment Bank (EIB) is planning to invest about 212 million euros in Armenia for various programs, Vice-President of the bank Wilhelm Morterer told reporters on Monday

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The European Central Bank will allow the Greek central bank to provide as much as 59.5 billion euros ($68 billion)

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No dollars and euros were traded on NASDAQ OMX Armenia stock exchange on Thursday January 29

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European Union’s single currency has lost 21 points against Armenian national currency, the dram, today and was trading at 529.14 drams, the Central Bank said

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