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    Categories: News

Armenian Dram Appreciates By 20.5% Against US Dollar In One Year

ARMENIAN DRAM APPRECIATES BY 20.5% AGAINST US DOLLAR IN ONE YEAR

Noyan Tapan
Mar 30 2007

YEREVAN, MARCH 30, NOYAN TAPAN. A 1.7% decline in the settlement
exchange rate of the Armenian dram against the US dollar was
registerted in Armenia in March 2007 on December 2006 in parallel
with a 2% growth in consumer prices.

The growth of consumer prices and of the settlement exchange rate in
March 2006 on December 2005 made 2.8% and 0.4% respectively.

According to the RA National Statistical service, the 0.6% price fall
in Armenia’s consumer market in March on February 2007 was accompanied
by a 0.7% increase in the settlement exchange rate of the Armenian
dram against the US dollar (average on March 1-28).

The average settlement exchange rate of the Armenian dram against
the US dollar made 358.32 drams in March 2007, which is by 20.5%
lower than the respective index of March 2006 (451 drams).

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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