The Armenian dram is currently 510 against the U.S. dollar, down from 485.3 at the beginning of the war in Nagorno-Karabakh.

As of Tuesday, November 24, the dram is trading at 510 to the U.S. dollar for purchase and 518 for sale.

The Central Bank said announced that it will carry out operations in the Armenian foreign exchange market. The institution said it continues monitoring the financial markets and, if necessary, will use all the tools available in its toolkit to ensure financial and price stability.