ARMENIAN DRAM APPRECIATES BY 13.7% AGAINST US DOLLAR IN<br /> JANUARY-SEPTEMBER 2006 <br />


ARMENIAN DRAM APPRECIATES BY 13.7% AGAINST US DOLLAR IN
JANUARY-SEPTEMBER 2006

  • 02-10-2006 22:20:00   | Armenia  |  Economy
YEREVAN, OCTOBER 2, NOYAN TAPAN. A 2.3% growth in consumer prices was registered in Armenia in September 2006 on December 2005. During the indicated period, the Armenian dram appreciated by 13.7% against the US dollar. According to the RA National Statistical Service, consumer prices and the settlement rate of the dollar declined by 3.6% and 6.5% respectively in the same period of last year. The decline in consumer prices and the settlement rate of the dram against the dollar made 0.3% and 3.5% respectively in Septmeber on August 2006. In September 2006, the average settlement rate of the US dollar against the Armenian drams made 387.89 drams, which is lower by 14.6% than the respective index of last year (454.42 drams).
  -   Economy