Sat, 26 July
32.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Volume of money supply in October increased by 2.2% to 1043.4 billion drams

YEREVAN, December 1. /ARKA/. Volume o money supply at the end of October 2011 compared to September increased by 22.9 billion drams or 2.2% making about 1043.4 billion drams by the end of October.

Based on preliminary data of Central Bank of Armenia, Armenian National Statistic Service (NSS) informed ARKA News Agency that at the end of October cash out of CBA was 327.1 billion drams vs. 320.2 billion drams at the end of September, demand deposits (in drams) were 148.5 billion drams vs. about 147.7 billion drams at the end of the last month.

Volume of time deposits in drams in October was 128.4 billion drams vs. 124 billion drams at the end of September. Deposits in foreign currency were 439.3 billion drams vs. 428.6 billion drams at the end of the last month.

The share of deposits in foreign currency in money supply was 42.11%.

Money multiplier at the end of October was 1.79 increased by 0.04 points at the end of September. ($1 – 381.8 drams). —0—

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img