ARMENIAN DRAM APPRECIATES BY 10.6% AGAINST US DOLLAR IN AUGUST 2006 ON DECEMBER OF LAST YEAR

Noyan Tapan
Sept 04 2006

YEREVAN, SEPTEMBER 4, NOYAN TAPAN. A 2.7% growth in consumer prices
was registered in August 2006 on December 2005, with the Armenian
dram appreciating by 10.6% against the US dollar. According to the RA
National Statistical Service, a similar tendency was registered in the
same period of last year: a 4.5% growth in consumer prices was followed
by a 5.2% appreciation of the Armenian dram against the US dollar. A
0.9% price fall was registered in the Armenian consumer market in
August on July 2006, while the Armenian dram appreciated by 3.7%
against the US dollar in the currency market. The average settlement
exchange rate of the US dollar made 401.9 drams in August 2006,
which is lower by 12.8% (460.99 drams) than the index of August 2005.

From: Emil Lazarian | Ararat NewsPress