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Money supply in Armenia grows 3.5% to AMD 925.9 billion

YEREVAN, May 2. /ARKA/. Money supply in Armenia grew 3.5% or by AMD 31.4 billion in March, compared with February, to AMD 925.9 billion, National Statistical Service of Armenia reports.

Cash outside of the banking system totaled AMD 278.2 billion in late March against 276.6 billion in late February.

Demand deposits in drams totaled AMD 126.8 billion against AMD 117.9 billion, and time deposits in drams amounted to AMD 103.2 billion against AMD 100.6 billion.

Deposits in foreign currencies totaled AMD 417.7 billion in late March against AMD 399.3 billion in late February.

The share of deposits in foreign currencies in money supply grew 0.47% to 45.11%.

Money multiplier lowered by 0.03 point to 1.83. ($1 = AMD 370.27). -0-

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