Thu, 30 October
4.1 C
Yerevan
USD: 382.62 RUB: 4.79 EUR: 445.68 GEL: 140.96 GBP: 505.75

Money supply in Armenia in late 2012 March increased by 1.9% to over 1.134.4 trillion drams

YEREVAN, May 3, /ARKA/. The money supply in Armenia in late 2012 March increased by 1.9% or almost 21 billion drams from the previous month of February to over 1.134.4 trillion drams, according to the latest numbers released by the National Statistical Service (NSS) which it said were based on preliminary figures of the Central Bank.

It said also the amount of cash in hand rose to 321.3 billion drams in late March from 319.5 billion drams in late February. The amount of demand savings deposits in drams rose to 156.7 billion drams from 154.7 billion drams in late February. The amount of time savings deposits climbed to 171.9 billion drams from 157.3 billion drams in late February.

The amount of savings deposits in foreign currencies rose to 484.5 billion drams from 482.2 billion drams. The share of deposits in foreign currencies made 42.7% in the overall amount of money supply. ($1 – 392.06 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img