ARMENIAN DRAM EXCHANGE RATE AGAINST US DOLLAR GROWS BY 17.5% IN JUNE
COMPARED WITH SAME MONTH OF 2004

YEREVAN, JULY 4, NOYAN TAPAN. The average settlement exchange rate of
the Armenian drams against the US dollar grew by 17.5% in June of 2005
compared with the same month of last year and made 448.80 drams.
According to the RA National Statistical Service, a 0.1% increase in
the settlement exchange of the Armenian drams against the dollar in
June on the previous month was accompanied by a 1.4% fall in consumer
prices.