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

Euro jumped 3.71 points against the Armenian dram: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.43 points on July 30, 2026, compared to July 29, to 366.63 drams.

Armenian bank assets grew by 8.1% in the first half of the year, reaching 13.8 trillion drams — Union of Banks of Armenia

The total assets of Armenian banks as of June 30, 2026, amounted to 13.8 trillion drams, an increase of 8.1% since the beginning of the year, announced Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.87 points on August 5, 2026, compared to August 4, to 366.14 drams.

Armenia to prepare action plan to implement MONEYVAL recommendations — Union of Banks

Armenia's interdepartmental commission will soon present for discussion an action plan to implement MONEYVAL recommendations, said Daniel Azatyan, Chairman of the Union of Banks of Armenia, in response to a question from ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img