YEREVAN, December 27. /ARKA/. In 2011 Armenian citizens chose to invest their free money into time deposits in foreign currency, which rose to the equivalent of 327.7 billion drams at the end of November, according to numbers unveiled by the Central Bank in a statement posted on its official website.
According to the statement, the amount of time deposits in foreign currency grew by 3.4% from October to 35.5% of all deposits kept at commercial banks. Call deposits in foreign currency grew by 6.5% from October to the equivalent of 130.6 billion drams.
The amount of time deposits in Armenian drams grew by 4.4% to 124.1 billion drams, while call deposits in drams grew by 2.8% to 147.3 billion drams. ($1 – 383.58 drams). -0-
