HSBC Bank Armenia forecasts no major fluctuations in AMD exchange rateNovember 22, 2011 - 14:15 AMT PanARMENIAN.Net - HSBC Bank Armenia CJSC does not expect any serious fluctuations in exchange rate of Armenian dram, HSBC Bank Armenia Chief Executive Officer Astrid Clifford said. According to her, it is difficult to forecast any changes due to absence of apparent tendencies caused by seasonal factor. Nevertheless, considerable financial means entering Armenia from Diaspora help prevent AMD devaluation by the yearend, Ms. Clifford said. Deals amounting to $2,75 mln. at an average rate of AMD 384,47 /USD1 were concluded at NASDAQ OMX Armenia on Nov 21. The closing price totaled AMD 384,80. The market average rate of USD totaled AMD 384,32 on Nov 21, increasing by 0.37 point compared to Nov 18, exchange rate of euro amounted to AMD 517,10, decreasing by 2.58 points while the rate of Russian ruble decreased by 0.07 point to total AMD 12,37. 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 | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |