Today the CBA holds free floating exchange rate (according to the statistics of IMF in 2012, 35 of state members prefer this regime).
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OFX Review, send money to with TransferWise.In 2015, from August to September, when under the regional fluctuation in the RAs currency market the provision led to devaluation, the CB, without essential oppression for precision of currency, was able to provide stability, however, in 2015 the RAs dram devaluated. .The primary issue of international currency system is to ensure the unimpeded flow of goods and capital.But the given regime is necessarily doing currency injections, which brings to inflation in the country.According to data of CB at the beginning of the year the devaluation of the RA dram increased by 3, and in the second half of the year dram had stable devaluation position.The RA has open economic policy, which also does not correspond to the policy of the fixed exchange rate.The exchange rate for one euro was AMD 555.40 (down by AMD.10 that of one British pound totaled AMD 632.02 (down by AMD.22 and the rate of one Russian ruble made up AMD.55 (down by AMD.04) in the country.Go to currency page).According to floating exchange rate regime the CBA due to interventions informs the markets about their existing institutions and effective microeconomic managements, and the markets, receiving information, start to act free exchange api adequately.
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Send money to with Currencies Direct.Currency is the monetary (or any unit playing the role of money) that constitutes countrys monetary system.It suspended trading in the ruble against the Ukrainian hryvnia in August due to poor demand.The expensive import becomes less attractive for consumers, the demand reduces, which promotes also the products which change native product.To money transfers Read more about money transfer comparisons before making an international money transfer.In April dram devaluated.1, and the average accounting rate of the RAs dram was 485, 10 dram for 1 dollar.Read our introduction to Forex Trading.We recommend moneycorp, OFX and TransferWise for money transfers.In 1992 joining the IMF Armenia signed an agreement, by which it assured international society that will conduct a reliable policy promoting the development of the system.The fixed exchange rate, of course, has advantages.Get opposite money transfer to send money from.In 2017 from January to April devaluation of dram against dollar was.5.As for the countries which have open economy, like Armenia, the outer circulation has a great specific weight- here the change of rate of exchange can bring to great displacement in inner demand and supply.The regime is being regulated on the basis of demand and supply.