Thursday, September 7 2017 10:31
Karine Melikyan

In Armenia, in August 2017, against a background of annual inflation of 0.9%, the AMD weakened against the dollar by 0.7%

In Armenia, in August 2017, against a background of annual inflation of 0.9%, the AMD weakened against the dollar by 0.7%

ArmInfo. Deflation in the consumer market of Armenia in January-August 2017 in 1.8% was accompanied by a revaluation of the dram to the dollar by 0.9%, while a year earlier, the demand decreased by 3.8% while strengthening the dram to the dollar by 1.5%.

The National Statistical Service of Armenia told ArmInfo that in August 2017, compared to August 2016, inflation of 0.9% was accompanied by devaluation of the dram to the dollar by 0.7%.Only in August 2017, the dram was revalued against the dollar by 0.1% with 0.4% deflation. In August 2017, the average settlement rate was 478.6 dr / $ 1, against 475.4 dr / $ 1 - in August 2016, 479.8 dr / $ 1 - in August 2015.By way of comparison, in August 2016, in comparison with August 2015, deflation in the consumer market of Armenia in 1.9% was accompanied by the revaluation of the dram to the dollar by 0.9%, but only in August 2016, the deflation of 0.5% was accompanied by the revaluation of the dram to the dollar by 0.2%.According to the National Statistical Service of Armenia, in 2016 the dram's position against the US dollar 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 dram to the dollar was accompanied by deflation of 1.4%. Only in December 2016 the dram depreciated against the dollar by 0.9%, with inflation of 1.1%. In 2015, the devaluation of the dram to the dollar by 4.2% was accompanied by a 0.1% deflation, but only in December, the devaluated against the dollar by 0.6% with inflation of 1.7%. In 2014, the devaluation of the dram by 14.1% (only in December- by 10% with inflation of 3%) was accompanied by inflation of 4.6%.It should be noted that AMD / USD formed on the retail foreign exchange market of Armenia at the level of 478 drams / $ 1 on September 7, 2017 against 484 dr / $ 1 as of December 31, 2016 and 475 dr / $ 1 as of September 7, 2016.

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200 million

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Yield at cut-off price

 5.8314%

Maximum yield

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  USD

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