YEREVAN, March 2. /ARKA/. Monetary base in Armenia fell by 14.8% or 99 billion drams to over 572.2 billion drams in January of 2012 from December. Cash outside the Central Bank of Armenia totalled 360.2 billion drams in late January against 398.8 billion drams in late December, according to data on CBA website.
Mandatory reserves in drams decreased to nearly 155.8 billion drams in January from 163.2 billion drams in late December, and in foreign currencies- 48.7 billion against over 102.5 billion drams.Net international reserves (without privatization funds) in late January amounted to nearly 409.4 billion drams, 13% down compared to December. Net domestic assets dropped in late January to over 162.8 billion drams from over 200.6 billion drams in late December. ($1 – 388.57 drams). –0–
