On June 13, the Armenian Stock Exchange’s currency platform saw the conversion of $1.1 million for the first time in nearly 10 years. This was reported by the exchange's press service.
The currency platform, launched on May 2 this year, enhances the visibility and market-based valuation of the dram relative to foreign currencies. Transactions on the platform are conducted exclusively in a pre-deposited and anonymous mode, ensuring effective currency risk management.
One of the key functions of the currency market is to ensure liquidity and price transparency. High liquidity and real-time price reflection on the currency market help businesses and investors make informed decisions based on accurate currency assessments.
