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Monetary Base Grows By 3.3%, Broad Money - By 2% In Armenia In Septe

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  • Monetary Base Grows By 3.3%, Broad Money - By 2% In Armenia In Septe

    MONETARY BASE GROWS BY 3.3%, BROAD MONEY - BY 2% IN ARMENIA IN SEPTEMBER 2007

    Noyan Tapan
    Nov 1, 2007

    YEREVAN, NOVEMBER 1, NOYAN TAPAN. By preliminary data of the Central
    Bank of Armenia (CBA), the monetary base made 333 bln 14 mln drams
    (about 1 bln 9 mln drams) in Armenia as of September 30, 2007,
    increasing by 10 bln 725 mln drams or 3.3% on the previous month.

    According to the RA National Statistical Service, the broad money
    made 581 bln 891 mln drams as of September 30, 2007, growing by 11
    bln 416 mln drams or 2% on the previous month.

    The balance of the population's deposists with banks amounted to 160
    bln 567 mln drams as of September 30, 2007, growing by 6 bln 656 mln
    drams or 4.3% on the previous month and by 53 bln 241 mln drams or
    49.6% on the same period of last year.
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