Dram/dollar exchange rate goes up to AMD360/$1 in few hours in Armenia
The dram-to-dollar exchange rate has gone up to AMD 360/$1 in few hours today against yesterday's 305 -310 index for sale and purchase respectively.
Dram/euro exchange rate reached AMD 440 (against 387).
The upsurge followed CB President Arthur Javadian's statement on cessation of control over the foreign currency market and return to floating rate policy.
According to the Central Bank, the dollar exchange rate will fluctuate from AMD 360 to 380 in 2009.
In the past days, the purchase of U.S. dollar was extremely limited.
Some sources say that the Central Bank decreed to suspend all dollar exchange operations.
Dram/euro exchange rate reached AMD 440 (against 387).
The upsurge followed CB President Arthur Javadian's statement on cessation of control over the foreign currency market and return to floating rate policy.
According to the Central Bank, the dollar exchange rate will fluctuate from AMD 360 to 380 in 2009.
In the past days, the purchase of U.S. dollar was extremely limited.
Some sources say that the Central Bank decreed to suspend all dollar exchange operations.
