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Exchange Rate Of Armenian Dram Grows By 0.9% Against U.S. Dollar In

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  • Exchange Rate Of Armenian Dram Grows By 0.9% Against U.S. Dollar In

    EXCHANGE RATE OF ARMENIAN DRAM GROWS BY 0.9% AGAINST U.S. DOLLAR IN JANUARY 2008

    Noyan Tapan
    Feb 6, 2008

    YEREVAN, FEBRUARY 6, NOYAN TAPAN. There was 2.4% and 0.9% growth in
    consumer prices and the exchange rate of the Armenian dram against
    the U.S. dollar respectively in Armenia in January 2008 as compared
    with December 2007.

    According to the RA National Statistical Service, 2.4% growth of
    consumer prices was accompanied by a 0.3% fall in the exchange rate of
    the Armenian dram against the dollar in the same period of last year.

    The average settlement exchange rate of the Armenian dram against
    the dollar made 306.98 drams in January 2008, which is by 15.6%
    lower than the respective index of January 2007 (363.71 drams).
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