Monetary base in 2012 December jumps by over 60.1 million drams or 9.4% to 683.8 billion drams

01.02.2013 17:03
Monetary base in 2012 December jumps by over 60.1 million drams or 9.4% to 683.8 billion drams

YEREVAN, February 1. / ARKA /. Armenia’s monetary base in 2012 December grew by over 60.1 million drams or 9.4% when compared to November to around 683.8 billion drams, according to the latest numbers released today by the National Statistical Service. It said cash outside the Central Bank totaled nearly 440.1 billion drams, up from 406.3 billion drams as of late November.

Mandatory reserves in drams dropped to 154.5 billion drams against 162.5 billion drams from late November, and mandatory reserves in foreign currency grew to over 86 billion drams against 47.3 billion drams compared to November.

Net international reserves (without privatization funds) in late December amounted to around 418.4 billion drams, growing by 10.8 % from November.

Net domestic assets grew to 265.4 billion drams against 246.2 billion drams as of late November. ($1 – 406.64 drams). -0-


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