Armex launches foreign currency trading

Friday, 25 November 2005

The first FX trading session was held on Armex on 15 November. Entities allowed to participate in FX trading on Armex include the Central Bank, commercial banks and credit organizations, as well as FX dealers. Currently, only US Dollar and Euro against national currency, Armenian Dram, are traded, but other instruments will be introduced in the foreseeable future. Total value traded between 15 and 25 November, was US$ 3,744,000 and EUR 50,000 equivalenting to AMD 1.59 billion.