YEREVAN, April 28. /ARKA/. The money stock of Armenia’s Central Bank, commercial banks and credit organizations grew 3.5% in March 2011, compared with the previous month, to AMD 925.9 billion.
According to the information available on the central bank’s official website, the national currency in circulation reached AMD 278.2 billion by late March after growing by 0.6% since late February.
Cash makes up about 30% of the money stock.
Other components of the money stock are time and demand deposits as well as deposits in foreign currencies, which constitute 11.2%, 13.7% and 45.1% of the money stock respectively.
Time deposits grew by 0.6% in March, compared with February, to AMD 103.2 billion, demand deposits by 7.5% to AMD 126.9 billion and deposits in foreign currencies by 4.6% to AMD 418.7 billion. ($1 = AMD 372.35). -0-
