The Eurasian Development Bank (EDB) recently expressed its views on the continued strength of the Armenian dram, suggesting that it might compromise the competitiveness of the country’s exports. The bank expects one USD might be equivalent to about 397 drams by the year-end (currently hovering around ~386 drams). This rate is still considerably lower than at the start of 2022, which stood at 482 drams per USD. The primary forecast from analysts anticipates a minor depreciation of the national currency, attributed to the gradual return of visitors from the Russian Federation, the culmination of the peak tourist season, and the stabilization of export volumes.