Haykakan Zhamanak: Armenian dram depreciates

As forecast, the Armenian dram is depreciating, Haykakan Zhamanak says. The dollar exchange rate was 408.5 drams last week, while yesterday it rose to 412.75 drams. So the Armenian dram depreciated by 1.4% over the past ten days.

This is mainly due to the economic crisis in Russia, with Armenia getting less money transfers from Russia.