24.11.2014 18:57
YEREVAN, November 24. / ARKA /. In response to a sharp depreciation of the national currency, the dram, against the USD and euro Armenia’s Central Bank said in a statement today that the exchange rate ‘is in the stabilization zone.
The greenback’s value has grown today at the local forex market by 16.6 points from November 21 to 435 drams, the highest rate this year.
According to the Central Bank statement, the drop in dram’s value ‘is dictated by the latest developments at regional and international financial markets, promoting export competitiveness, economic growth, creating new steady jobs and increasing the purchasing power of remittances sent to Armenia from abroad.’
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