YEREVAN, December 8. /ARKA/. The Central Bank of Armenia sold $6 million at forex market on Monday at an average price of 456.63 drams per one dollar, the press office of the regulator reports.
The U.S. dollar leapt 4.64 percentage points today against the Armenian national currency, crossing the crucial psychological level of 450 drams, and traded at 452.5 drams, on average.
The central bank said today it will sell foreign currency only through everyday auctions in limited amounts that will be announced beforehand.
The regulator said it will do so until the end of this year. To lessen influence of its interventions on the dram’s exchange rate, the central bank will gradually reduce amounts of its interventions until the dram’s exchange rate becomes balanced.
The Armenian national currency’s fever began on November 24. —-0—-
