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In February 2010 Monetary Base Of Armenia Declined By 2,5%

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  • In February 2010 Monetary Base Of Armenia Declined By 2,5%

    IN FEBRUARY 2010 MONETARY BASE OF ARMENIA DECLINED BY 2,5%

    ArmInfo
    02.04.2010

    ArmInfo. In February 2010 the monetary base of Armenia grew by 13%
    as compared with February 2009. According to the preliminary data of
    the Central Bank of Armenia (CBA) provided to ArmInfo, over February
    2010 the monetary base declined by 2.5%, having totalled 446.8 bln AMD
    ($1.2 bln) by 1 March.

    In the structure of monetary base, cash funds outside CBA increased by
    0,04% in February 2010 and by 11,8% as compared with February 2009,
    having totalled 283.3 bln AMD by March 1 2010. The share of legal
    AMD reserves in the total monetary base made up 6,1% or 27.5 bln
    AMD, having declined by 7,9% in February. The share of legal foreign
    exchange reserves made up 29,5% or 132 bln AMD, having declined by 8%
    in February (the annual growth being 11.8%).

    According to the source, foreign reserves (privatization funds
    exclusive) declined by 5,3% in February to 477.6 bln AMD (60,4%
    annual growth). The share of internal assets amounted to negative 30.8
    bln AMD in February 2010, having increased by 33% as compared with
    January. In the structure of internal assets, the liabilities before
    the government amounted to negative 161.7 bln AMD, having increased by
    7% in February (over twice growth as compared with February 2009). In
    the total volume of internal assets, 50.3 bln AMD fell on banks,
    having declined by 9.2% in February (annual decline being 37.3%).

    The volume of REPO agreements grew by 40.2% in February (over 5 times
    decline as compared with February 2009).
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