Monetary base in Armenia increased from the beginning of the month by 2.4% making 588.8 billion drams

11.10.2011 19:05
Monetary base in Armenia increased from the beginning of the month by 2.4% making 588.8 billion drams

YEREVAN, October 11. /ARKA/. According to the data of Central Bank of Armenia, monetary base in Armenia increased by more than 13.7 billion drams compared to the beginning of the month. On October 10, 2011 it was about 588.8 billion drams. In percent terms, the indicator of monetary base increased by 2.4%.

Growth was mainly conditioned by the increase of mandatory reserves in foreign currency by 6.8 billion drams which on October 10 was about 101.9 billion drams. Cash money outside CBA and mandatory reserves in national currency were 375.7 billion drams and 101.7 billion drams respectively. They registered growth by 2.8% and decline - by 3.7% respectively compared to the beginning of the month.

Net international reserves (without funds for privatization) on October 10 were 466.8 billion drams, increased by 7 billion drams or 1.5% compared to the beginning of October. ($1- 375.94 drams). –0—


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