USD COST 372.49 AT CLOSE OF BUSINESS ON ARMENIAN STOCK EXCHANGE

PanARMENIAN.Net
03.03.2009 20:10 GMT+04:00

/PanARMENIAN.Net/ Purchase and sale volume at NASDAQ OMX totaled USD
3,420,000 (AMD 372.11 per 1 USD). 1 US dollar price at the close
of business on the Armenian Stock Exchange amounted AMD 372.49,
CBA official web site reported.

Yesterday the dram-to-dollar exchange rate was fixed at AMD 305-310
to1USD and AMD 387 to 1 EURO.

The upsurge followed CB President Arthur Javadian’s statement on
cessation of control over the foreign currency market and return to
floating rate policy.

According to the Central Bank, the dollar exchange rate will fluctuate
from AMD 360 to 380 in 2009.