Armenian Dram Appreciates By 10.6% Against Us Dollar In August 2006

ARMENIAN DRAM APPRECIATES BY 10.6% AGAINST US DOLLAR IN AUGUST 2006 ON DECEMBER OF LAST YEAR

Noyan Tapan
Sept 04 2006

YEREVAN, SEPTEMBER 4, NOYAN TAPAN. A 2.7% growth in consumer prices
was registered in August 2006 on December 2005, with the Armenian
dram appreciating by 10.6% against the US dollar. According to the RA
National Statistical Service, a similar tendency was registered in the
same period of last year: a 4.5% growth in consumer prices was followed
by a 5.2% appreciation of the Armenian dram against the US dollar. A
0.9% price fall was registered in the Armenian consumer market in
August on July 2006, while the Armenian dram appreciated by 3.7%
against the US dollar in the currency market. The average settlement
exchange rate of the US dollar made 401.9 drams in August 2006,
which is lower by 12.8% (460.99 drams) than the index of August 2005.

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