Haykakan Zhamanak: Armenian dram depreciates again
The Armenian dram began to depreciate several days ago and this process is still on. The exchange rate was close to 480 drams per one US dollar on Thursday. Just two weeks ago, the exchange rate was 473 drams per one US dollar, Haykakan Zhamanak reports.
“It means that the Armenian dram has depreciated by 1.2 percent. The arrival of a great number of visitors for the Armenian Genocide centenary commemorations was expected to lead to dram’s appreciation. Experts say, however, that soon the depreciation will stop and the exchange rate will stabilize,” the newspaper says.