ARMENIAN DRAM STRENGTHENED BY 0.2 PERCENT IN JANUARY

Panorama.am
19:58 13/02/2007

The consumption market reported 2.4% rise in January, 2007 against
December, 2006. According to national statistics services, consumption
inflation was accompanied by the strengthening of the Armenian dram
against American dollar by 0.2 percent.

The exchange rate of the Armenian dram as of January, 2007 was
363.94 for 1 USD which is lower by 19.4 percent against January, 2006
(451.74 drams).