YEREVAN, December 17./ARKA/. The euro crossed the record high of 700 drams at Yerevan's foreign exchange market today – the European currency is being sold at 680-720 drams and bough at 650-680 drams here.

The official average exchange rate leapt 28.5 percentage points to 614.20 drams per one euro.
The dollar is traded at 550-560 drams and bought at 525-540 drams. Yesterday, the dollar's official exchange rate surged 18.56 percentage points to 490.34 drams.

Banks reacted to the developments at forex market in their own way trying to keep the situation under their control – some of them limited sales of foreign currencies, some sold them only to their clients and some stopped selling them at all.

Categories: Exchange market, General news, News, News of the hour | Comments Off on Euro crosses ceiling of 700 drams in Yerevan as dollar hits 560-dram record high

Tags: Armenia, EURO

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Armenia’s national currency, the dram, has plunged deeper today to 471.78 drams per one US dollar, the Central Bank reported

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Tags: DOLLAR, EURO, EXCHANGE, RATE

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The European Union is planning to provide more than 140 million euros to Armenia by 2017, as part of the Eastern Partnership program, for public sector, small businesses and agriculture in particular, says the European Commission’s report

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The Armenian dram fell 1.86% against the U.S. dollar over the first quarter of this year, and the dollar then traded at 413.31 drams, on average, the Central Bank of Armenia says in its 2nd Q monetary policy program and 1st Q monetary policy performance report

Categories: Exchange market, General news, News, News of the hour | Comments Off on Armenian dram sheds against dollar and euro in 1st Q 2014

Tags: Armenia, DOLLAR, EURO

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The euro extended gains against the dollar on Thursday following the release of a flurry of U.S. data, as expectations for further monetary easing by the European Central Bank

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Tags: DOLLARS, EURO, USA

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Armenia’s finance minister David Sargsyan and Germany’s ambassador to Armenia, Reiner Morel., have signed today an agreement, whereby German KfW bank will provide Armenia with soft loans and grants worth a total of 112.75 million euros

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KfW financing in Armenia over the period of its presence in the country has exceeded 0.5 billion euros, KfW regional director for South Caucasus Lars Oeman told reporters Thursday

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Tags: Armenia, EURO, KFW

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Euro rates tumbled against USD on Tuesday as ECB Governing Council member Jörg Asmussen spoke about the future monetary policy and Italy’s sovereign rating was downgraded

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Armenian commercial banks purchased more than $93.5mln at a weighted average rate of 409.57drams per $1 in intra-banking foreign exchange market on June 24-28, the press service of the Central Bank reported

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Tags: COMMERCIAL BANKS, DOLLAR, EURO, EXCHANGE, MARKET

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Euro gained versus dollar at the end of trading day Wednesday on released Euro zone industry production statistics for April that was better than experts’ expectations, banki.ru reported

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Tags: DOLLARS, EURO, Eurozone

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