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Armenia's Monetary Base Slips 1.6 % To AMD 562.9 Bln In February

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  • Armenia's Monetary Base Slips 1.6 % To AMD 562.9 Bln In February

    ARMENIA'S MONETARY BASE SLIPS 1.6 % TO AMD 562.9 BLN IN FEBRUARY

    /ARKA/
    APRIL 2, 2012
    YEREVAN

    YEREVAN, April 2. /ARKA/. Monetary base in Armenia slumped 1.6 % or 9.3
    billion drams to 562.9 billion drams in February from a month earlier.

    According to the National Statistical Service of Armenia, cash outside
    the country's Central Bank amounted to over 359.8 billion drams in
    late February against nearly 360.2 billion drams in late January.

    Mandatory reserves in drams reached nearly 152.2 billion drams in
    late February against 155.8 billion drams from a month earlier, and
    in foreign currency - 43.8 billion drams against over 48.7 billion
    drams from late January.

    Net international reserves (without privatization funds) increased
    by 2.1% to 417.9 billion drams in February from January.

    Net domestic assets within the reported period accounted to 145 billion
    drams against over 162.8 billion drams in late January. ($1 - 390.64
    drams).

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