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Exchange Rate Of Armenian Dram Against Dollar Increases By 0.3% Sinc

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  • Exchange Rate Of Armenian Dram Against Dollar Increases By 0.3% Sinc

    EXCHANGE RATE OF ARMENIAN DRAM AGAINST DOLLAR INCREASES BY 0.3% SINCE EARLY 2008

    Noyan Tapan
    http://www.nt.am?shownews=1010127
    Dec 1, 2008

    YEREVAN, DECEMBER 1, NOYAN TAPAN. Comsumer prices in Armenia and the
    settlement exchange rate of the Armenian dram against the U.S. dollar
    increased by 5.1% and 0.3% respectively in November 2008 on December
    2007.

    5.1% growth of consumer prices was accompanied by a 13.1% fall of the
    settlement exchange rate of the dram in the same period of last year.

    According to the RA National Statsistical Service, a 0.1% inflation
    in the Armenian consumer market was accompanied by a 0.4% fall in
    the settlement exchange rate of the dram against the dollar (the
    dram appreciated) in November on October 2008. The average settlement
    exchange rate of the Armenian dram made 305.13 drams in November 2008,
    which was lower by 3.7% as compared with the respective index of 2007
    (316.85 drams).
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