At a press conference at the Novoti international press center, Sergey Shevchenko, Director of the Trade Operation Department, Ameriabank, reported that the bank does not expect any serious exchange fluctuations, as the Central Bank of Armenia (CBA) is efficiently managing the market, and no serious fluctuations have been recorded over the last year.
“During the following year the cost of one US dollar will not fall below 300 AMD, and the upper level will not exceed 320 AMD, as the Central Bank is rather active on the market,” Shevchenko said.
According to the CBA-prepared Review of quarterly polls of commercial banks and credit institutions, commercial banks forecast a stable average USD exchange rate for this December – 299.7 AMD/$1.
The banks also forecast an average USD exchange rate of 304.22 AMD/$1 for next March.
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