  Expert links AMD devaluation with euro slump May 22, 2012 - 17:05 AMT PanARMENIAN.Net - The market average rate of USD overstepped the “psychological bounds” to totaled AMD 401,07, increasing by 2.28 points compared to May 21. Forexs experts explain this by euro slump. In view of eurozone instability, euro dropped by about 700-800 percentage points. This, in turn, couldn’t but affect AMD exchange rate, resulting in its gradual devaluation for the past two weeks.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
