Tue, 8 April
10.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Armenian money supply shrinks 2.7% to amd 1.096.1 trillion in January

YEREVAN, March 1. /ARKA/. Armenian money supply dropped 2.7 % or 30.9 billion drams, to 1.096.1 trillion drams at the end of January, 2012, from December, National Statistical Service reported ARKA.

Cash volume outside the banking system of Armenia totaled nearly 319 billion drams at January –end against 349.4 billion drams at the end of December, and demand deposits in drams amounted to 154.8 billion drams against 164.4 billion drams from December, according to preliminary data compiled by the Central Bank of Armenia.Time deposits in drams reached over 145.7 billion drams in late January against 145.6 billion drams in late December.

Along with this, deposits in foreign currency accounted to over 476.7 billion drams in January against over 467.5 billion drams in late December. The share of deposits in foreign currencies in the country’s total money supply totalled 43.5% in January. At the same time money multiplier increased by 0.24 point to 1.92 by late January. —0–

spot_img

POPULAR

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img