Money base decreases by 2.2% in may

27.06.2011 16:04
Money base decreases by 2.2% in may

YEREVAN, June 27. / ARKA /. In 2010 May the money base in Armenia decreased by 10.8 billion drams, or 2.2% compared to the previous month, amounting to about 488.9 billion drams, according to the Central Bank of Armenia.

At the end of May available cash out of the Central Bank amounted to more than 330.6 billion drams against 319.9 billion drams at the end of April. According to the Central Bank, the amount of mandatory reserves in AMD dropped to 89.8 billion drams from 103.1 billion drams at the end of April, while reserves in foreign currency dropped to about 56 billion drams from about 64 billion drams at the end of April. Net international reserves at the end of May totalled 372.3 billion drams, falling by 9.6 billion drams or 2.5% from April. The value of net domestic assets during the reporting period dropped to 116.6 billion drams from 117.8 billion drams at the end of April. ($ 1 - 373.55 AMD).-0-


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