Armenia’s monetary base drops 2.8% to 623.7bln drams in November

28.12.2012 16:10
Armenia’s monetary base drops 2.8% to 623.7bln drams in November

YEREVAN, December 28. /ARKA/. Armenia’s monetary base grew fell by 2.8% to 623.7bln drams in November against October, the country’s national statistical service reported.

Cash outside the Central Bank of Armenia totaled over 406.3bln drams by the end of November, as compared with over 400.8bln drams at the end of October.

Mandatory reserves in drams stood at over 162.5bln drams against more than 170.3bln drams at the end of October; mandatory reserves in foreign currency reached over 47.3bln drams versus 53.8bln drams.

Net international reserves (without privatization funds) amounted to around 377.5bln drams by the end of November, a 1.4% reduction against October.

Net domestic assets dropped to over 246.2bln drams from over 258.6bln drams in late October.  ($1 – 403.27 drams).  --0–


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