Revaluation of AMD real effective exchange rate hit 1% in May

Exchange market

YEREVAN, July 16./ARKA/. The revaluation of the real effective AMD exchange rate against foreign currencies stood at 1% in May from April, the Central Bank said in its monthly newsletter.
It is said to have fallen by 1.5% in May year over year.

The nominal effective AMD exchange rate against foreign currencies in May increased by 0.29% from April, and dropped by 3.6% from May 2012. ($1 – 409.90 drams). —0-

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