Armenian dram, rouble downfall continueDecember 9, 2014 - 15:08 AMT PanARMENIAN.Net - The Armenian dram rate continues dropping, with the Central Bank of Armenia having established an exchange rate of AMD 452.50 to $1 on Monday, December 8. According to rate.am, the December 9 purchase price for $1 made up AMD 450-456, Euro 553-561, Rouble 8,14-8,44. At Moscow Exchange, the Rouble to Dollar and Euro rate saw another downfall as of December 9 morning. The Euro rate grew by 0.69 Roubles to reach 66,94 Roubles. The bi-currency basket cost totaled Rouble 59,92. Problems in Russian economy and slump of a Rouble rate resulted in a drop of the amount of money transfers to Armenia to $1,240 billion, down from $1,298 billion in January-October 2014. Over the first 10 months of 2014, $1,484 billion was transferred against $1,512 billion from a year-earlier period. On November 24, the dollar rate soared from AMD 419 to AMD 435 (a 16 point drop), the dram has weakened by 17 points since. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |