The size of money supply in Armenia increased by 1.6% up to 1113.6 billion drams

YEREVAN, April 2. /ARKA/. The size of money supply in Armenia in February 2012 compared to January increased by 17.5 billion drams or 1.6% making by the end of February about 1113.6 billion drams.

Armenian National Statistic Service on the basis of preliminary data of the Central Bank of Armenia informed ARKA News Agency that cash amount out of banking system by the end of February was over 319.5 billion drams by the end of January, demand deposits (in AMD) were 154.7 billion drams vs. about 154.8 billion drams at the end of the last month.
The size of time deposits by the end of the reporting period was over 157.3 billion drams vs. about 145.7 billion drams by the end of January. The size of foreign currency deposits was over 482.2 billion drams vs. over 476.7 billion drams at the end of the last month.

The share of foreign currency deposits in money supply by the end of February was 43.3%.
Money multiplier by the end of February was 1.98, increased by 0.06 points compared to January. ($1 – 390.95 drams).—0—

spot_img

POPULAR

An increase in refinancing rate will not necessarily lead to higher loan prices: Head of Central Bank

An increase in the refinancing rate does not necessarily mean higher loan prices, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Armenia’s corporate bond market could double over five years – head of CUBE Invest

Armenia’s corporate bond market is entering a new stage of development, expanding opportunities for businesses to secure financing while offering investors an alternative to bank deposits.

Central Bank of Armenia conducts currency interventions to prevent market turmoil – Galstyan

In the face of a significant influx of foreign capital, the Central Bank of Armenia periodically conducts currency interventions to prevent serious turmoil in the currency market.

Armenia Updates Income Declaration Procedures: New Rules, Exemptions, and Deadlines

Armenia has streamlined the process for filing annual personal income tax declarations, expanded the scope of data that is auto-populated, and defined categories of non-taxable income that citizens are not required to include in their declarations.

Central Bank of Armenia warned of a new fraudulent scheme involving forged powers of attorney and certificates

The Central Bank of Armenia is warning citizens about the increasing incidence of fraud using forged documents allegedly issued by the regulator.

LATEST NEWS

spot_imgspot_imgspot_img