YEREVAN, March 1. /ARKA/. Money supply in Armenia contracted by 3.8% or AMD 34.9 billion in January 2011, compared with December 2010, to about AMD 876.4 billion.
According to the National Statistical Service’s reports based on the central bank’s figures, cash outside of the banking system totalled AMD 275.5 billion in late January 2011 against AMD 304.3 billion in late December 2010.
Demand deposits in drams totaled AMD 112.9 billion against AMD 128.4 billion, and time deposits in drams reached AMD 93.4 billion against AMD 88.9 billion.
Deposits in foreign currencies totaled AMD 394.6 billion against 389.8 billion and made up 45.03% of the money supply in late January after growing by 2.27 percentage points over the month.
Money multiplier grew 0.09 points to 1.89. ($1 = AMD 367.37). -0-
