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Armenian currency is collapsing - USD is rising

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The value of the US dollar rose again in Armenia today, reaching 518.77 drams.

Axar.az reports that today, the euro rose to 627.92 drams.

It should be noted that after the Second Karabakh War, Armenia, which suffered a heavy military-political defeat, began a deep economic recession. As a result, despite the fact that it has no serious ties with any foreign market, the dollar began to rise in Armenia, where the army was destroyed in the war and 85 percent of military equipment was destroyed.

Date
2020.12.10 / 17:27
Author
Tural Azimzadeh
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