YEREVAN, July 22, \/ARKA\/.\u00a0 Armenia\u2019s national currency, the Dram, will not weaken against US Dollar, Artak Hanesian, Ameriabank CEO and chairman of its Directorate, told a news conference today.<\/p>\n
\u2018In view of the changes proposed by the Central Bank regarding Procedure 2 (it is aimed against dollarization of the economy), the correlation of Armenian\u00a0 Dram to USD will remain stable,\u2019 Hanesian said.<\/p>\n
He, however, said seasonal fluctuations\u00a0 are quite possible\u00a0 because \u2018autumn\u00a0 is a period of active procurements when the exchange\u00a0 rate may fluctuate\u00a0 upward.\u2019 But he said it is\u00a0 not going to be chaotic. Tigran Jrbashian, Ameriabank marketing director said these fluctuations will not be sharp.<\/p>\n
\u2018As we predicted the devaluation effect of the dram, registered in March, resulted in a substantial growth of exports,\u2019 he said.<\/p>\n
The Armenian Dram has gained by 7.69 points in a time span from June 21 to July 21 strengthening from 371.7 Drams per one USD to 364.01 Drams. The\u00a0 USD hit the lowest from the beginning of summer on June 17 when it was trading at 363.35\u00a0 Drams. Today\u2019s exchange rate is\u00a0 365.22 Drams per one USD.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"
Dram, will not weaken against US Dollar, Artak Hanesian, Ameriabank CEO and chairman of its Directorate, told.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,12159,9216],"tags":[15615,15837,12345,362],"class_list":{"0":"post-13470","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-exchange-market","8":"category-news","9":"tag-ameriabank-2","10":"tag-armenia-2","11":"tag-dram","12":"tag-362"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/13470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=13470"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/13470\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=13470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=13470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=13470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}