YEREVAN, March 31. / ARKA /. Armenia’s Central Bank said it had bought a total of $1 million from March 24 to March 30 at NASDAQ OMX Armenia stock exchange paying 412.03 drams for one USD.
The previous week the regulator sold $13.95 million at the local foreign currency market, down from $16.37 million it had sold a week earlier.
The Armenian dram was showing signs of getting stronger from March 19 to March 27. Thus, the cost of USD dropped from 415.21 drams on March 18 to 412.07 drams on March 27. However, on March 28 the average cost of the U.S. dollar against dram grew to 412.90 drams.
The Central Bank began regular currency interventions from February having sold a total of $127 million as of March 23. . ($ 1 – 412.90 drams). -0-
