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Monetary Base Reduces By 2.5% And Broad Money Grows By 0.7 In Armeni

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  • Monetary Base Reduces By 2.5% And Broad Money Grows By 0.7 In Armeni

    MONETARY BASE REDUCES BY 2.5% AND BROAD MONEY GROWS BY 0.7 IN ARMENIA IN MAY

    NOYAN TAPAN
    http://www.nt.am/news.php?shownews=115145
    JU NE 3

    As of May 31, 2008, monetary base amounted to 394bn 556m drams
    (nearly 1bn 285m USD) in Armenia reducing by 10bn 5m drams or 2.5%
    compared with the previous month.

    According to preliminary data transferred by the Central Bank of
    Armenia (CBA) to the RA National Statistical Service, as of May 31,
    broad money made 697bn 152m drams growing by 4bn 752m drams or 0.7%
    compared with the previous month.

    The balance of population's deposits with banks amounted to 195bn
    743m drams as of the same day, growing by 3bn 443m drams or 1.8%
    compared with the previous month and by 62bn 532m drams or 46.9%
    on the same period of the previous year.

    As of May 31 2008, the the number of banks (having a privilege to
    carry out banking activity) functioning in the RA territory made 22
    and the total number of bank branches 356.
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