Armenian Central Bank’s net assets drop by 8 percent in May

09.07.2012 18:32
Armenian Central Bank’s net assets drop by 8 percent in May

YEREVAN, July 9. /ARKA/. Armenia’s Central Bank said its net internal assets slashed by 7.9% in May as opposed to April to a total of 212.4 billion drams. According to its Bulletin for May, the government’s commitments to regulator rose to minus 83.8 billion drams against minus 71.3 billion drams in April.

The commitments of commercial banks to the regulator contracted by 5.8 percent to 117.5 billion drams, while other commitments rose by 0.8 percent to 178.7 billion drams.

The Bulletin says also the regulator’s net international reserves increased by 2.5% in May from April to 367.9 billion drams, while monetary base saw a 1.6% rise 580.3 billion drams. ($1-418.66 drams). -0-


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