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Monetary Base Grows by 7.8%, Broad Money - by 8.6% in November 2007

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  • Monetary Base Grows by 7.8%, Broad Money - by 8.6% in November 2007

    MONETARY BASE GROWS BY 7.8%, BROAD MONEY - BY 8.6% IN ARMENIA IN
    NOVEMBER 2007

    YEREVAN, DECEMBER 28, NOYAN TAPAN. The monetary base made 374 bln 63
    mln drams (over 1 bln 225 mln USD) as of November 30, 2007, growing by
    27 bln 201 mln drams or 7.8% on the previous month.

    According to data submitted by the Central Bank of Armenia (CBA) to the
    RA National Statsitical Service, the broad money amounted to 651 bln
    634 mln drams as of November 30, 2007, growing by 51 bln 478 mln drams
    or 8.6% on the previous month.

    The balance of the population's deposits with banks made 162 bln 526
    mln drams as of November 30, 2007, growing by 224 mln drams or 0.1% on
    the previous month and by 51 bln 980 mln drams or 47% on the same day
    of last year.
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