Cash supply in Armenia grows 0.8% to AMD 786.6 billion

YEREVAN, August 3. /ARKA/. Cash supply in Armenia grew 0.8% or by AMD 6.5 billion in June, compared with May, to AMD 786.6 billion, National Statistical Service reports referring to the central bank’s figures.

Cash outside of the banking system totaled AMD 265.1 billion in late June against AMD 255 billion in late May.

According to the statistical report, demand deposits in drams totaled AMD 101.4 billion against AMD 99.7 billion, and time deposits AMD 63.5 billion against AMD 61.5 billion.

Deposits in foreign currencies amounted to AMD 356.5 billion in late June against AMD 363.9 billion in late May.

The share of deposits in foreign currencies in the cash supply reduced 1.35 percentage points in June, compared with May, to 45.3%.

Money multiplier reached 1.81 in late June after reducing 0.05 points, compared with May. ($1 = AMD 368.98). —0–

spot_img

POPULAR

IDBank Participates in Regional Conference of the Union of Banks of Armenia

IDBank took part in the conference titled “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region”, held in Vanadzor.

“A friend” needs money urgently. IDBank warns that trust can be exploited on social media

In Armenia, the fraud scheme based on trust in relatives continues to remain widely spread. Fraudsters exploit users’ care and willingness to help those in danger.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 30 – April 5)

From March 30 to April 5, the Armenian financial market focused on exchange rate dynamics, the publication of March inflation data, the meeting of the Central Bank's management with the IMF mission, discussions of the reverse mortgage mechanism, the agreement between the CDA and UzCSD, and issues of disclosure by issuers in the capital market.

Byblos Bank Armenia launches new exclusive campaign for Mastercard World cardholders

YEREVAN, April 6. /ARKA/. Byblos Bank Armenia has announced the launch of a special campaign exclusively for the Bank’s Mastercard World cardholders.

Up to 25% idcoin When Buying Airline Tickets with IDBank Premium Cards

When planning your next trip, the first thing you consider is your budget — how much you can spend, how to find the best deals, and how to save while discovering new destinations.

LATEST NEWS

spot_imgspot_imgspot_img