EXCHANGE RATE OF ARMENIAN DRAM RISES BY 0.3% AGAINST US
DOLLAR IN JUNE 2008 AS COMPARED WITH DECEMBER 2007
29-06-2008 16:00:00 | Armenia | Economy
YEREVAN, JUNE 29, NOYAN TAPAN. The rise in consumer prices
in Armenia and in the settlement exchange rate of the Armenian
dram against the US dollar made 6.8% and 0.3% respectively in
June 2008 on December 2007. In the same period of last year,
there was a 3.9% growth in consumer prices in parallel with 5.4%
fall in the exchanage rate of the dram.
According to the RA National Statistical Service, a 0.5%
fall in consumer prices was accompanied by a 0.7% decline in the
exchange rate of the Armenian dram against the US dollar (the
dram appreciated) in June on May 2008.
The average settlement exchange rate of the dram against
the dollar made 305.13 drams in June 2008, which is lower by
11.5% than the index of June 2007 (344.8 drams).