Dollar reaches its eight-year record high against armenian national curency and trades at 435 drams | ArmBanks.am

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Dollar reaches its eight-year record high against armenian national curency and trades at 435 drams

25.11.2014 17:55

Dollar reaches its eight-year record high against armenian national curency and trades at 435 drams

YEREVAN, November 24./ARKA/. The Armenian dram plunged yesterday to its record low in the last eight years – the national currency fell 16.6 percentage points against the U.S. dollar, which was traded at 435 drams, on average.

According to Armenia’s stock exchange, the dram sank 4 percentage points on Monday.

The Central Bank of Armenia said in its statement that the national currency’s value fully reflects the current developments at regional and international financial markets and is on the way to stabilization.

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Tags: Armenia, DOLLAR, national curency

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