ARKA News Agency, Armenia
Jan 14 2008
Armenian dram to strengthen to AMD 352.1 for $1 by 2021
YEREVAN, January 14. /ARKA/. Under the revised program of poverty
elimination for 2008 to 2021, average exchange rate of Armenian dram
will be AMD 352.1 for $1 by 2021, Melik Gasparyan, representative of
the expert group in charge of 2008/2021 poverty reduction program
elaboration, said Monday in Yerevan.
According to the forecast the program contains, 1 dollar will be
equal to AMD 341.8 in 2015 and AMD 352.1 in 2021.
The dollar has weakened 28.12% against Armenian national currency
over the period between 2003 and 2006.
Average exchange rate was AMD 578.77=$1 in 2003, AMD 533.45=$1 in
2004, AMD 457.69 in 2005 and AMD 416.04 in 2006.
The dollar has sunk 19.26% against Armenian dram over 2006 from AMD
450.19 in early 2006 to AMD 363.50 later that year.
The dollar has plunged 16.31% against Armenian national currency over
2007 – from AMD 363.5 at the beginning of that year to 304.22 by the
end. M.V.-0—