Central Bank’s total liabilities increased by 250 billion drams last year to 1.430 trillion drams

15.04.2014 20:10
Central Bank’s total liabilities increased by 250 billion drams last year to 1.430 trillion drams

YEREVAN, April 15. / ARKA /. As of December 31, 2013 Armenian Central Bank’s total liabilities stood at 1.430 trillion drams, an increase of almost 250 billion drams from the beginning of the year, according to the Central Bank’s balance sheet. In the fourth quarter the liabilities decreased by 3.6% from the previous one.

Foreign currency liabilities surged by 27 percent from the beginning of the year to the equivalent of 565.4 billion drams. Foreign currency liabilities to the government doubled in the fourth quarter last year to 5.55 billion drams.

Foreign currency deposits and accounts placed with the Central Bank and other financial institutions at the end of  the fourth quarter last year stood at 240.8 billion drams , a 2.7 times increase from the beginning of the year.

Other loans in foreign currency stood at 58.4 billion drams, up from 53.2 billion drams in early 2013. Other foreign currency liabilities of the regulator stood approximately at 195.1 million drams.

According to the balance sheet, the Central Bank’s liabilities in the national currency stood at 864.6 billion drams, a 17.6 percent rise over the beginning of 2013. The liabilities in drams before the government during the reporting period increased by 71% to 189.4 billion drams.

Liabilities in drams - banknotes and coins in circulation rose by 1.5 % at the end of the 4th quarter to about 446.8 billion drams.

At the same time accounts and deposits in drams of financial and other institutions increased by 24.5% to 223.8 billion drams. Other liabilities in the national currency stood as of December 31, 2013 at 2.3 billion drams. ($ 1 - 415.17 drams). -0-


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