Wednesday, July 19 2017 19:39
Karine Melikyan

In Armenia, in June 2017, against background of annual inflation of 1.1%, AMD weakened against USD by 0.8%

In Armenia, in June 2017, against background of annual inflation of  1.1%, AMD weakened against USD by 0.8%

ArmInfo. Inflation in the consumer  market of Armenia in the first half of 2017 in 1.2% was accompanied  by a revaluation of the dram to the dollar by 0.3%, while a year  earlier, the demand decreased by 1% while strengthening the AMD to  the USD by 1.1%. The National Statistical Service of Armenia told  ArmInfo that in June 2017 compared to June 2016 inflation of 1.1% was  accompanied by devaluation of the AMD to the USD by 0.8%.

In June there was a revaluation of the AMD to the USD by 0.4% with  deflation of the demand of 0.9%. In June 2017, the average settlement  rate was 481.5 AMD/USD1, against 477.5 AMD/USD1 - in June 2016, 475.1  AMD/USD1- in June 2015, 410.9 AMD/USD1 - in June 2014.

According to the National Statistical Service of Armenia, in 2016 the  AMD's position against the USD did not change against the background  of deflation of 1.1%. On an annual basis (January-December 2016 to  the same period of 2015), a slight revaluation of the AMD to the USD  was accompanied by deflation of 1.4%.  Only in December 2016 the AMD  devaluated to the USD by 0.9%, with inflation of 1.1%. In 2015, the  devaluation of the AMD against the USD by 4.2% was accompanied by a  0.1% deflation, but only in December, the devaluated against the USD  by 0.6% with inflation of 1.7%. In 2014, the devaluation of the AMD  by 14.1% (only in December - by 10% with inflation of 3%) was  accompanied by inflation of 4.6%.

To note, the AMD currency rate in the Armenian foreign exchange  market was formed on July 19, 2017 at the level of 478.5 AMD/USD1 on  average, against 484 AMD/USD1 on December 31, 2016 and 477 AMD/USD1  on July 19, 2016.

POST A COMMENT
Input digits     


News
Ameriabank honored as the Best Investment Bank in Armenia for 2023 by Global Finance Ameriabank honored as the Best Investment Bank in Armenia for 2023 by Global Finance 
Expert: Expenditures of Dry Port project exceed $100 millionExpert: Expenditures of Dry Port project exceed $100 million
Armenia Securities Exchange launches AMXTrader new trading system for  financial market participantsArmenia Securities Exchange launches AMXTrader new trading system for  financial market participants
Armenia`s economic indicators impressive in 2022 - IFC Armenia`s economic indicators impressive in 2022 - IFC 
Armenia welcomes Belarusian construction companies Armenia welcomes Belarusian construction companies 
FlyOne Armenia launches Yerevan - Larnaca - Yerevan direct flights FlyOne Armenia launches Yerevan - Larnaca - Yerevan direct flights 
Vahan Kerobyan: AMD 40 billion were returned to borrowers under 2022  state subsidy program for mortgage loansVahan Kerobyan: AMD 40 billion were returned to borrowers under 2022  state subsidy program for mortgage loans
Armenian winemakers participating in ProWein international trade fair  in DusseldorfArmenian winemakers participating in ProWein international trade fair  in Dusseldorf
Armenia`s vice-premier receives IMF repsArmenia`s vice-premier receives IMF reps
Armenia`s premier hosts IMF delegationArmenia`s premier hosts IMF delegation
Armenia`s Ministry of Economy draft law to introduce English law  jurisdiction - minister Armenia`s Ministry of Economy draft law to introduce English law  jurisdiction - minister 
U.S., Canadian and European companies interested in projects in  Armenia`s Syunik - Paruyr HovhannisyanU.S., Canadian and European companies interested in projects in  Armenia`s Syunik - Paruyr Hovhannisyan
Enterprise Armenia supporting 40 projects worth $2.4-3.2bln - premier Enterprise Armenia supporting 40 projects worth $2.4-3.2bln - premier 
In 2022 vs. 2021, number of RA citizens on migration registration in  RF decreased by 15% - ACSESIn 2022 vs. 2021, number of RA citizens on migration registration in  RF decreased by 15% - ACSES
Deputy PM, AmCham representatives discuss Russian-Ukrainian conflict  impact on Armenian economyDeputy PM, AmCham representatives discuss Russian-Ukrainian conflict  impact on Armenian economy
Armenia, Georgia discuss possibilities of expanding cooperation in  tourism sectorArmenia, Georgia discuss possibilities of expanding cooperation in  tourism sector
Rostelecom changes its mind about selling its Armenian subsidiary GNC  AlfaRostelecom changes its mind about selling its Armenian subsidiary GNC  Alfa
Yerevan hosts 19th International Specialized Caucasus Exhibition:  Building and Reconstruction EXPO 2023 Yerevan hosts 19th International Specialized Caucasus Exhibition:  Building and Reconstruction EXPO 2023 
Armenia`s Deputy Minister of Economy hosts UNCCD delegation  Armenia`s Deputy Minister of Economy hosts UNCCD delegation  
Threshold for duty-free importation of goods into EAEU for  individuals at level of EUR 1000 may return to previous level Threshold for duty-free importation of goods into EAEU for  individuals at level of EUR 1000 may return to previous level 
Saudi Flynas airline to launch flight to Yerevan in summerSaudi Flynas airline to launch flight to Yerevan in summer
Vahan Kerobyan: Turkey actively buys gold from Armenia, while  selectively buying other productsVahan Kerobyan: Turkey actively buys gold from Armenia, while  selectively buying other products
CBA Head: Surveys show that international visitors have begun making  long-term plans for Armenia and its economyCBA Head: Surveys show that international visitors have begun making  long-term plans for Armenia and its economy
Central Bank Head: FAO index has stabilized and there are no new  upward trendsCentral Bank Head: FAO index has stabilized and there are no new  upward trends
Martin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategyMartin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategy
CBA improves its 2023 GDP growth forecast for Armenia to 5.8%,  indicating construction and services as main driversCBA improves its 2023 GDP growth forecast for Armenia to 5.8%,  indicating construction and services as main drivers
Western sanctions against Russia pose a threat to Armenia - PMWestern sanctions against Russia pose a threat to Armenia - PM
New Armenia-ADB cooperation strategy under developmentNew Armenia-ADB cooperation strategy under development
AraratBank joins the United Nations Women`s Empowerment Principles InitiativeAraratBank joins the United Nations Women`s Empowerment Principles Initiative
Armenia`s CB leaves refinancing rate unchanged, 10.75%Armenia`s CB leaves refinancing rate unchanged, 10.75%
With organizational support of Ameriabank and SPRING PR, first  With organizational support of Ameriabank and SPRING PR, first  "Doing Digital-Exploring Digital Future" forum to be held in Yerevan  on April 5
Armenia, Egypt discuss possible cooperation in renewable energy,  energy infrastructuresArmenia, Egypt discuss possible cooperation in renewable energy,  energy infrastructures
 State Control Service returned about 121 million drams to budget in  2022 State Control Service returned about 121 million drams to budget in  2022
Vahan Kerobyan: No outflow of immigrants is expected in near futureVahan Kerobyan: No outflow of immigrants is expected in near future
Vahan Kerobyan: During the year, 7,328 companies and individual  entrepreneurs were registered in Armenia by Russian citizensVahan Kerobyan: During the year, 7,328 companies and individual  entrepreneurs were registered in Armenia by Russian citizens
This year, demand is gradually stabilizing, and growth of Armenian  economy to be 4.2% - EDBThis year, demand is gradually stabilizing, and growth of Armenian  economy to be 4.2% - EDB
Global economic recession risks remain significant - EDBGlobal economic recession risks remain significant - EDB
"MTS Armenia" changes its owner
Armenia`s former premier records absolute decline in population`s  living standards for 2018-2022Armenia`s former premier records absolute decline in population`s  living standards for 2018-2022
Armenia on way to modernization of major branches of its economy -  vice-premierArmenia on way to modernization of major branches of its economy -  vice-premier
Karen Karamyan: 70% of Ameriabank`s business loans are provided  through Ameria Business online platformKaren Karamyan: 70% of Ameriabank`s business loans are provided  through Ameria Business online platform
Ameriabank`s cosmic pavilion at DigiTec: Digital services,  consultations, lotteries, charity, discussionsAmeriabank`s cosmic pavilion at DigiTec: Digital services,  consultations, lotteries, charity, discussions
Armenia plans to start negotiations with India to raise funds for  construction project of Persian Gulf-Black Sea corridorArmenia plans to start negotiations with India to raise funds for  construction project of Persian Gulf-Black Sea corridor
Hayk Yesayan: Team always has and will have innovative solutionsHayk Yesayan: Team always has and will have innovative solutions
IDBank - participant of DigiTec ExpoIDBank - participant of DigiTec Expo
Armenia`s GDP growth in 2018-2022 qualitatively significantly lower  than in previous 3 five-year plans - Hrant BagratyanArmenia`s GDP growth in 2018-2022 qualitatively significantly lower  than in previous 3 five-year plans - Hrant Bagratyan
Team Telecom Armenia is first among Armenia`s telecom operators to  provide access to 5G networkTeam Telecom Armenia is first among Armenia`s telecom operators to  provide access to 5G network
Vahan Kerobyan: Armenian companies do not fully exploit opportunities  in innovative termsVahan Kerobyan: Armenian companies do not fully exploit opportunities  in innovative terms
U.S. warning against countries` help to Russia: Armenia`s government  takes everything into account - MPU.S. warning against countries` help to Russia: Armenia`s government  takes everything into account - MP
3.5% decline in living standard of average statistical employee in  Armenia 3.5% decline in living standard of average statistical employee in  Armenia 
Turkey suddenly stops  transit of sanctioned goods to RussiaTurkey suddenly stops  transit of sanctioned goods to Russia
American SADA to contribute to digitalization of Armenian education  systemAmerican SADA to contribute to digitalization of Armenian education  system
Armenia`s rank fell by 19 points in WIPO Global Innovation Index.  Economist advises to update data on timeArmenia`s rank fell by 19 points in WIPO Global Innovation Index.  Economist advises to update data on time
Armenia`s travel agencies lost 25% of income in 2022 due to dram  revaluationArmenia`s travel agencies lost 25% of income in 2022 due to dram  revaluation
FLYONE ARMENIA replenishes its aircraft fleetFLYONE ARMENIA replenishes its aircraft fleet
Armenia increases its share in EDBArmenia increases its share in EDB
AraratBank committed to the Sustainable Development Goals of the United NationsAraratBank committed to the Sustainable Development Goals of the United Nations
Kristina Kvien: US ready to assist Armenia`s economic developmentKristina Kvien: US ready to assist Armenia`s economic development
Converse Bank has completed the distribution of bondsConverse Bank has completed the distribution of bonds
EDB forecasts 7.2% inflation in Armenia in 1st quarter, 2023 EDB forecasts 7.2% inflation in Armenia in 1st quarter, 2023 
Read more


Exchange rates
21.03.2023
RUB5.050.01
USD388.35-0.13
EUR418.212.73
GBP476.001.20
CAD284.210.69
JPY29.38-0.21
CNY56.48-0.07
CHF419.881.17