According to Haykakan Zhamanak daily, the galloping inflation of AMD will continue.

On May 24, AMD 406,5 was offered per USD 1 at Armenia’s stock exchange, with AMD exchange rate hitting record high of several years.

“The fact above proves that the inflation of AMD will continue. Recent USD 20 million monetary intervention by the Central Bank of Armenia hasn’t in the least influenced Armenia’s foreign exchange market,” the daily said.