ARMENIAN DRAM APPRECIATES BY 0.5% AGAINST US DOLLAR IN APRIL 2006 COMPARED WITH SAME MONTH OF 2005

Noyan Tapan
May 03 2006

YEREVAN, MAY 3, NOYAN TAPAN. In parallel with a 0.3% price growth on
the Armenian consumer market in April on March 2006, the Armenian drams
appreciated 0.2% against the US dollar. According to the RA National
Statistical Service, the increase in consumer prices and the settlement
exchange rate of the Armenian dram made 3.1% and 0.1% respectively
in April 2006 on December 2005. During the same period of last year,
a 7.9% decline in the exchange rate was registered along with a 2.8%
growth in consumer prices. The average settlement exchange rate of the
Armenian dram against the US dollar made 449.99 drams in April 2006,
which exceeds the respective index of last year by 0.5% (447.89 drams).