ARKA News Agency
July 1 2005

1.4% FALL IN CONSUMER PRICES CAUSES 0.1% AMD REVALUATION

YEREVAN, July 1. /ARKA/. A 1.4% fall in consumer prices in June as
against May 2005 caused a 0.1% revaluation in the nominal AMD/USD
nominal exchange rate. The RA National Statistical Service reports
that 7.7% AMD/USD exchange rate revaluation was recorded in June 2005
as against December 2004, with inflation being 1.4%. A similar trend
was recorded during the corresponding period of last year - a 4.5%
rise in consumer prices was accompanied by 3.8% AMD revaluation. In
June 2005, the average AMD/USD exchange rate was 448.80AMD/$1,
whereas in June 2004 it was 543.90 AMD/$1. Thus, 17.5% AMD
revaluation was recorded during the period under review. P.T. -0--