DRAM’S EXCHANGE RATE AGAINST DOLLAR FALLS 17.2% IN MARCH COMPARED
WITH SAME MONTH OF LAST YEAR

YEREVAN, APRIL 4, NOYAN TAPAN. The average settlement echange rate
of the Armenian dram against the US dollar fell 17.2% in March, 2005,
compared with the same month of 2004 and made 466.01 drams. According
to the RA National Statistical Service, a 1.6% fall in the settlement
exchange rate of the Armenian dram against the dollar in March compared
with February, 2005, was accompanied by a 0.9% fall in consumer prices.