Tweet
ARMENIAN DRAM APPRECIATES BY 0.2% AGAINST US DOLLAR IN JANUARY
YEREVAN, FEBRUARY 2, NOYAN TAPAN. The 2.4% inflation registered in the
Armenian consumer market in January 2007 on December 2006 was
accompanied by a 0.2% fall in the settlement exchange rate of the
Armenian dram against the US dollar (the dram appreciated).
According to the RA National Statistical Service, in the same period
of last year, there was a 2.5% and 0.5% increase in consumer prices
and the settlement exchange rate of the Armenian dram against the
dollar respectively. The average settlement exchange rate of the dram
against the dollar made 363.94 drams in January 2007, which is by
19.4% lower than the respective index of January 2006 (451.74 drams).
YEREVAN, FEBRUARY 2, NOYAN TAPAN. The 2.4% inflation registered in the
Armenian consumer market in January 2007 on December 2006 was
accompanied by a 0.2% fall in the settlement exchange rate of the
Armenian dram against the US dollar (the dram appreciated).
According to the RA National Statistical Service, in the same period
of last year, there was a 2.5% and 0.5% increase in consumer prices
and the settlement exchange rate of the Armenian dram against the
dollar respectively. The average settlement exchange rate of the dram
against the dollar made 363.94 drams in January 2007, which is by
19.4% lower than the respective index of January 2006 (451.74 drams).