ARMENIAN DRAM DEPRECIATES BY 3.2% AGAINST US DOLLAR IN MARCH 2006 ON SAME MONTH OF LAST YEAR

Noyan Tapan
Apr 04 2006

YEREVAN, APRIL 4, NOYAN TAPAN. A 0.4% and 0.2% growth in settlement
exchange rates of the Armenian dram against the US dollar and prices
was registered on the Armenian consumer and currency markets in March
on February 2006.

According to the RA National Statistical Service, the growth in
consumer prices and settlement exchange rates in March on December
2005 made 4.2% and 0.4% respectively. A 4.2% fall in the settlement
exchange rate was registered over the same period of last year in
parallel with a 3.7% growth in consumer prices.

The average exchange rate of the Armenian drams agains the US
dollar made 451 drams in March 2006, which is lower by 3.2% than the
respective index of March 2005 (566.01 drams).