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RA Dram Continues To Appreciate

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  • RA Dram Continues To Appreciate

    RA DRAM CONTINUES TO APPRECIATE

    Noyan Tapan
    Jul 3 2006

    YEREVAN, JULY 3, NOYAN TAPAN. A 4.3% growth in consumer prices
    was registered in 2006 June compared with 2005 December and RA dram
    appreciated by 6.4% against USD. According to the data of RA National
    Statistical Service, a similar tendency was registered in the same
    period of the previous year: a 1.4% growth in prices for consumer
    goods was accompanied by a 7.7% appreciation of RA dram against USD.

    A 1.2% fall in prices was registered on the country's consumer market
    and a 4.4% appreciation of RA dram against USD was registered in
    2006 June compared with May. In 2006 June the average exchange rate
    of RA dram against USD made 420.47 drams, which is higher by 6.3%
    than the respective index of June of previous year (448.95 drams).

    From: Emil Lazarian | Ararat NewsPress
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