Tuesday, July 31 2012 15:43

National dram revaluated 0.4% against U.S. dollar in July 2012 amid 12.5% annual devaluation


ArmInfo. National dram devaluated against the United States dollar 12.5% in July 2012 versus July 2011, the National Statistical Service of Armenia told ArmInfo. In July 2013 the average exchange rate was 412.85 AMD per U.S. dollar versus 367 AMD per USD in July 2011.

Consumer prices fell 1.5% in July 2012 versus June 2012 amid 0.4% revaluation of the national currency against the U.S. dollar. In Jan-July 2012 deflation made up 1.9% amid 7.7% devaluation of the AMD against USD. For comparison, on Jan-Jul 2011 inflation totaled 0.4$ amid 1.8% devaluation of the national dram against dollar. Only in Kuly 2011 the national dram revaluated 1.9% against U.S. dollar amid 3% deflation.
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