US DOLLAR'S APPRECIATION LAST WEEK CONDITIONED BY INCREASE
IN DEMAND
19-03-2007 19:00:00 | Armenia | Economy
YEREVAN, MARCH 19, NOYAN TAPAN. After a long decline, in
the last ten days the US dollar to some extent restored its
value against the Armenian dram. The growth of the dollar's
exchange rate from 354.5 to over 361 drams was accompanied by
an increase in demand for dollars, as evidenced by results of the
latest sessions of foreign currency sale at the Armenian Stock
Exchange (ASE).
This tendency has stabilized since March 5. On that day 0.5
mln dollars was sold at the weighted average price of 456 drams,
while the unmet demand and supply made 0.42 mln dollars and 0.2
mln dollars respectively. Since then sales grew until March 16
when 6.267 mln dollars was sold at the weighted average price of
361.24 drams, while unmet demand and supply made 80 thousand
dollars and 860 thousand dollars respectively.