ARMENIAN DRAM APPRECIATES BY 18.8% AGAINST US DOLLAR IN DECEMBER 2006 ON SAME MONTH OF PREVIOUS YEAR

Noyan Tapan
Jan 08 2007

YEREVAN, JANUARY 8, NOYAN TAPAN. A 5.2% growth in consumer prices was
registered in Armenia in December 2006 on December 2005, while the
exchange rate of the Armenian dram against the US dollar declined by
18.8% (the dram appreciated).

According to the RA National Statistical Service, a 0.2% and 7.6%
fall in consumer prices and the exchange rate was registered in
December 2005 on December 2004.

The 1.6% inflation in the Armenian consumer market in December on
November 2006 was accompanied by a 3.1% decline in the exchange rate
of the Armenian dram against the US dollar.

The average settlement rate of the Armenian dram against the US dollar
made 364.69 drams in December 2006 as compared with 449.36 drams in
the previous year.

From: Emil Lazarian | Ararat NewsPress