YEREVAN, NOVEMBER 24, ARMENPRESS. The verification of Armenian dram is dictated by the recent developments in the regional and international financial markets. It contributes to the raising of export competitiveness, economic growth, creation and preservation of sustainable jobs, as well as increase in purchasing power of the remittances received by population. As reports “Armenpress”, the Central Bank of the Republic of Armenia issued a statement on this on November 24.

Among other things, it was stated: “The Central Bank, consulting with all members of the financial market, estimates that the exchange rate presently formed at the market fully reflects the developments and remains within the orbit of stabilization. The reserves of the Central Bank of the Republic of Armenia are fully sufficient to prevent any artificial fluctuations and to ensure financial stability.”

The market average rate of USD to AMD, which was formed in the currency market in Armenia at the end of November 24 went up by 16.6 points as compared with November 21 and totaled 435 drams per $1.