US Dollar to Equal 380–400 Armenian Dram

RA Union of Banks Chair Ararat Ghukasyan, meeting with journalists today, said that banks aren’t interested in the devaluation of the dram, since it brings forth risks in the process of providing foreign currency loans.

In Ghukasyan’s opinion, there won’t be any more fluctuations in the foreign currency market this year: one US dollar, in all likelihood, will be equivalent to 380–400 Armenian dram.