Tweet
SETTLEMENT EXCHANGE RATE OF ARMENIAN DRAM AGAINST US DOLLAR DECLINES BY 2.8% IN MAY 2007 ON DECEMBER 2006
Noyan Tapan
Jun 05 2007
YEREVAN, JUNE 5, NOYAN TAPAN. In parallel with 4.2% growth of consumer
prices in May 2007 on December 2006, a 2.8% fall in the settlement
exchange rate of the Armenian dram against the US dollar was registered
in Armenia.
According to the RA National Statistical Service, a similar tendency
was registered in the same period of last year: the settlement
exchange rate declined by 2.1% in parallel with a 5.6% growth of
consumer prices.
2.1% inflation in Armenia's consumer market in May on April 2007 was
accompanied by a 2.5% fall in the exchange rate of the Armenian dram
against the dollar. In May 2007, the average settlement exchange rate
of the dram against the dollar made 354.37 drams, which is lower by
19.4% than the respective index of May 2006 (439.73 drams).
Noyan Tapan
Jun 05 2007
YEREVAN, JUNE 5, NOYAN TAPAN. In parallel with 4.2% growth of consumer
prices in May 2007 on December 2006, a 2.8% fall in the settlement
exchange rate of the Armenian dram against the US dollar was registered
in Armenia.
According to the RA National Statistical Service, a similar tendency
was registered in the same period of last year: the settlement
exchange rate declined by 2.1% in parallel with a 5.6% growth of
consumer prices.
2.1% inflation in Armenia's consumer market in May on April 2007 was
accompanied by a 2.5% fall in the exchange rate of the Armenian dram
against the dollar. In May 2007, the average settlement exchange rate
of the dram against the dollar made 354.37 drams, which is lower by
19.4% than the respective index of May 2006 (439.73 drams).