11/10/2014 11:14
Haykakan Zhamanak: Dram depreciates
As predicted, the Armenian dram has been depreciating in recent days, according to ‘Haykakan Zhamanak’ daily. At the end of last week, the exchange rate of the dollar was 408.5 drams, while yesterday it was 412.75 drams.
In the last 10 days the dram has depreciated by 1.4% against the dollar. The main reason is the economic crisis in Russia that led to a reduction of remittances to Armenia.