EXCHANGE RATE OF ARMENIAN DRAM AGAINST US DOLLAR RISES BY 1.2% IN PAST YEAR

Noyan Tapan

Jan 8, 2008

YEREVAN, JANUARY 8, NOYAN TAPAN. Consumer prices in Armenia and
the settlement exchange rate of the Armenian dram against the US
dollar rose by 0.1% and 0.9% respectively (the dollar appreciated)
in December on November 2008.

According to the RA National Statistical Service, consumer prices and
the exchange rate of the Armenian dram against the dollar rose by 5.2%
and 1.2% respectively in December 2008 on December 2007. The average
settlement exchange rate of the Armenian dram against the US dollar
made 307.9 drams in December 2008, exceeding by 3.8 drams the index
of December 2007 (304.1 drams).