SETTLEMENT EXCHANGE EATE OF ARMENIAN DRAM AGAINST DOLLAR
GROWS BY 1.7% IN APRIL 2008 AS COMPARED WITH DECEMBER 2007
14-05-2008 17:00:00 | Armenia | Economy
YEREVAN, MAY 14, NOYAN TAPAN. There was 1.1% and 0.2%
growth in consumer prices and the settlment exchange rate of the
Armenian dram against the U.S. dollar in Armenia in April on
March 2008.
According to the RA National Statistical Service, the
growth of consumer prices and the exchange rate made 6% and 1.7%
respectively in April 2008 on December 2007. In the same period
of last year, a 0.4% fall in the settlement exchange rate was
registered in parallel with a 2.1% growth of consumer prices in
Armenia.
The average settlement exchange rate of the Armenian dram
against the dollar made 309.14 drams in April 2008, which is by
14.9% lower than the index of April 2007 (363.33 drams).