400 Dram to the Dollar? Devaluation of Armenian Currency
According to Rate.am, at 1:30 pm local time today, a few banks were even selling US dollars at 405 dram and euro at 561 dram. Buying rates, however, fluctuated between 395 and 400 dram to the dollar and 542 to 550 to the euro. At 10 am this morning, a US dollar could be purchased for 398.5 from Anelik Bank, while a euro could be purchased for 549 dram at Artsakhbank.
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