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Armenia's Money Supply Grows By 3.3% In July 2008

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  • Armenia's Money Supply Grows By 3.3% In July 2008

    ARMENIA'S MONEY SUPPLY GROWS BY 3.3% IN JULY 2008

    ARKA
    Sep 22, 2008

    YEREVAN, September 2. /ARKA/. Armenia's money supply totaled 426.2bln
    drams - 3.3% (13.5bln drams) increase, the RA National Statistical
    Service (NSS) says, referring to the Central Bank of Armenia (CBA).

    Armenian drams in cash outside CBA totaled 356.3bln drams as of
    end-July against 343.3bln drams earlier that month. Required dram
    reserves were worth 28.57bln drams in July against 28.61bln drams
    in June.

    Required foreign-currency reserves totaled 40.4bln drams as of end-July
    against 39.96bln drams in late June.

    Net international reserves (without privatization receipts) totaled
    425.2bln drams in July - 1.8% (7.4bln) month-on-month growth. Red
    ink of net internal assets totaled 1.031bln drams in July against
    5.097bln drams in June (18.8bln in early 2008).

    Armenia's money supply has decreased by 0.2% since January. ($1 -
    302.44 drams).
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