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Armenian Dram Downfall Not To Influence Imported Spirits Price

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  • Armenian Dram Downfall Not To Influence Imported Spirits Price

    ARMENIAN DRAM DOWNFALL NOT TO INFLUENCE IMPORTED SPIRITS PRICE

    PanARMENIAN.Net
    03.03.2009 14:29 GMT+04:00

    /PanARMENIAN.Net/ Agena company, which imports spirits to Armenia,
    will not inflate prices for its products despite dollar exchange
    rate increase.

    "We will do our best to protect our consumers from negative
    consequences of dollar upsurge," a company representative told
    PanARMENIAN.Net.

    Agena imports BAILEYS, JOHNNIE WALKER, DIAGEO, SMIRNOFF and SHERIDAN'S
    brands in Armenia.

    The dram-to-dollar exchange rate has gone up to AMD 360/$1 in few
    hours today against yesterday's 305 -310 index for sale and purchase
    respectively.

    Dram/euro exchange rate reached AMD 440 (against 387).

    The upsurge followed CB President Arthur Javadian's statement on
    cessation of control over the foreign currency market and return to
    floating rate policy.

    According to the Central Bank, the dollar exchange rate will fluctuate
    from AMD 360 to 380 in 2009.
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