ARMENIAN DRAM APPRECIATES BY 16.4% AGAINST US DOLLAR IN NOVEMBER 2006 ON DECEMBER 2005

Noyan Tapan
Dec 04 2006

YEREVAN, DECEMBER 4, NOYAN TAPAN. A 3.5% growth of consumer
prices was registered in Armenia in November 2006 on December
2005. During the indicated period, the settlement exchange rate of
the Armenian dram against the US dollar declined by 16.4% (the dram
appreciated). According to the RA National Statistical Service, a 2.4%
and 5.8% decline in consumer prices and settlement exchange rate was
registered in the same period of last year. The 1% inflation in the
Armenian consumer market in November on October 2006 was accompanied
by a 1.4% fall in the settlement exchange rate of the Armenian dram
against the US dollar. In November 2006, the average settlement
exchange rate of the Armenian dram against the US dollar made 375.84
drams, which is lower by 18% than the respective index of last year
(458.27 drams).

From: Emil Lazarian | Ararat NewsPress