Euro rises against dollar as IMF seeks more funding to indebted countries January 18, 2012 - 21:28 AMT PanARMENIAN.Net - The euro is rising against the dollar after the International Monetary Fund said it is seeking more funding to help heavily indebted countries, The Associated Press reported. The IMF is proposing to increase its lending resources by $500 billion to meet an estimated $1 trillion of lending needs in the coming years. The loans would mostly help the 17-countries that use the euro. The euro rose to $1.2816 in midday trading Wednesday, Jan 18, from $1.2722 late Tuesday. The dollar weakened against most other currencies Wednesday. The British pound rose to $1.5411 from $1.5327. The dollar fell to 76.77 Japanese yen from 76.82, to 0.9432 Swiss franc from 0.9506 and to 1.0131 Canadian dollar from 1.0159. The market average rate of USD on January 18 in Armenia totaled AMD 388,25 decreasing by 0.57 point compared to January 17.   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 |  Latest news Russia provides info about arrested Armenian ex-MP  Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan.Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”.41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience.Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |
