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ARMENIAN DRAM APPRECIATES BY 13.9% AGAINST DOLLAR IN ONE YEAR
Noyan Tapan
April 1, 2008
YEREVAN, APRIL 1, NOYAN TAPAN. The growth of consumer prices and the
settlement exchange rate of the Armenian dram against the US dollar
made 4.8% and 1,5% respectively in Armenia in March 2008 as compared
with December 2007.
According to the RA National Statistical Service, 1.4% inflation in
Armenia's consumer market was accompanied by 0.01% decline of the
settlement exchange rate of the Armenian dram against the US dollar
in March on February 2008. There was 2% growth of consumer prices
in parallel with 1,6% decline of the settlement exchange rate of
the dram against the dollar in the same period of last year. The
average settlement exchange rate of the Armenian dram against the
US dollar made 308.68 drams in March 2008, which is lower by 13.9%
than the respective index of last year (358.63 drams).
Noyan Tapan
April 1, 2008
YEREVAN, APRIL 1, NOYAN TAPAN. The growth of consumer prices and the
settlement exchange rate of the Armenian dram against the US dollar
made 4.8% and 1,5% respectively in Armenia in March 2008 as compared
with December 2007.
According to the RA National Statistical Service, 1.4% inflation in
Armenia's consumer market was accompanied by 0.01% decline of the
settlement exchange rate of the Armenian dram against the US dollar
in March on February 2008. There was 2% growth of consumer prices
in parallel with 1,6% decline of the settlement exchange rate of
the dram against the dollar in the same period of last year. The
average settlement exchange rate of the Armenian dram against the
US dollar made 308.68 drams in March 2008, which is lower by 13.9%
than the respective index of last year (358.63 drams).