YEREVAN, September 30. / ARKA /. Armenia’s monetary base in August increased by 52.8 billion drams or 9.9% from the previous month to about 583.4 billion drams, the National Statistical Service told ARKA, citing preliminary figures released by the Central Bank of Armenia.
According to the preliminary data, the cash outside the Central Bank at the end of August amounted to 359.8 billion drams, up from 355.5 billion dram at the end of July. The amount of mandatory reserves in drams amounted to 105.8 billion drams against 104.6 billion drams at the end of July, and in foreign currency to about 106.6 billion drams against 56.6 billion drams at the end of last month.
Armenia’s net international reserves (less funds from privatization) reached 473.4 billion drams at the end of August, having increased by 11.1%.. The amount of net domestic assets during the reporting period amounted to about 107.5 billion Drams, up from 102.1 billion dram at the end of July. ($ 1 – 371.35 AMD). -0-
