SETTLEMENT EXCHANGE EATE OF ARMENIAN DRAM AGAINST DOLLAR GROWS BY 1.7% IN APRIL 2008 AS COMPARED WITH DECEMBER 2007

Noyan Tapan

Ma y 14, 2008

YEREVAN, MAY 14, NOYAN TAPAN. There was 1.1% and 0.2% growth in
consumer prices and the settlment exchange rate of the Armenian dram
against the U.S. dollar in Armenia in April on March 2008.

According to the RA National Statistical Service, the growth of
consumer prices and the exchange rate made 6% and 1.7% respectively in
April 2008 on December 2007. In the same period of last year, a 0.4%
fall in the settlement exchange rate was registered in parallel with
a 2.1% growth of consumer prices in Armenia.

The average settlement exchange rate of the Armenian dram against the
dollar made 309.14 drams in April 2008, which is by 14.9% lower than
the index of April 2007 (363.33 drams).