Armenian Dram Appreciates By 18.8% Against Us Dollar In December 200

ARMENIAN DRAM APPRECIATES BY 18.8% AGAINST US DOLLAR IN DECEMBER 2006 ON SAME MONTH OF PREVIOUS YEAR

Noyan Tapan
Jan 08 2007

YEREVAN, JANUARY 8, NOYAN TAPAN. A 5.2% growth in consumer prices was
registered in Armenia in December 2006 on December 2005, while the
exchange rate of the Armenian dram against the US dollar declined by
18.8% (the dram appreciated).

According to the RA National Statistical Service, a 0.2% and 7.6%
fall in consumer prices and the exchange rate was registered in
December 2005 on December 2004.

The 1.6% inflation in the Armenian consumer market in December on
November 2006 was accompanied by a 3.1% decline in the exchange rate
of the Armenian dram against the US dollar.

The average settlement rate of the Armenian dram against the US dollar
made 364.69 drams in December 2006 as compared with 449.36 drams in
the previous year.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS