0.5% Revaluation Of USD Against AMD Because Of 0.7% Rise In Consumer

Emil Lazarian News

0.5% REVALUATION OF USD AGAINST AMD BECAUSE OF 0.7% RISE IN CONSUMER PRICES IN ARMENIA SEP 2007

ARKA News Agency, Armenia
Oct 1 2007

YEREVAN, October 1. /ARKA/. 0.5% revaluation of USD against AMD
(September 1-27) was recorded in Armenia because of 0.7% rise in
the prices of consumer market in September, the Armenian National
Statistical Service told ARKA.

At the same time, as compared to December 2006, 0.2% deflation of
the consumer market was accompanied by reduction of USD rate by 7.1%.

During the same period in 2006 the inflation was 2.3%, and the
devaluation of the USD 13.7%.

This September the average USD rate was AMD 338.6/$1, which means that
USD weakened by 12.7% as compared to September 2006 (AMD 378.89).

From: Emil Lazarian | Ararat NewsPress

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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