Armenia’s Central Bank’s total liabilities grow by 2.7% in third quarter

30.11.2010 18:31
Armenia’s Central Bank’s total liabilities grow by 2.7% in third quarter

YEREVAN, November 30, /ARKA/. Armenia’s Central Bank said today its total liabilities grew by 2.7% in the third quarter of 2010 (or by 24.2 billion Drams) to 927.5 billion Drams. Its foreign currency liabilities (denominated in Armenian national currency) contracted by 6% or 12.7 billion Drams to 199.4 billion Drams. Foreign currency liabilities to the government reduced from 1.3 billion Drams to 1.1 billion Drams as of September 30.

Foreign currency deposits and accounts opened at the Central Bank by financial and other establishments dropped from 101.4 billion Drams at the beginning of the quarter to 82.6 billion Drams as of September 30. The fall was 18.3%.

Other borrowings of the Central Bank for the reporting period of time grew from 25.1 billion Drams to 28 billion Drams. Other foreign currency liabilities were equal to 145 million Drams.

According to balance data of the Central Bank, liabilities in Armenian national currency accounted for 78.5% of all liabilities, rising from 76.5% at the beginning of the quarter, to 728.1 billion Drams, by 37 billion Drams or 5.3% more than at the beginning of the third quarter.

Central Bank Dram liabilities to the government grew by 5.5 billion Drams to 168.5 billion Drams. Dram liabilities, banknotes and coins in circulation grew by 8.4 billion Drams or by 2.9% to

some 304 billion Drams. Dram deposits and accounts of financial and other establishments grew by 16.9 billion Drams or 33.1% to 67.8 billion Drams. Other Dram liabilities stood at 983.3 million Drams as of September 30. ($1 – 359.28 Drams).  -0-


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