YEREVAN, October 2. / ARKA /. Money supply in Armenia in late August rose by 2.2% from the previous month of July to about 1.241 trillion drams, the National Statistical Service (ArmStat) reported, citing preliminary figures of the Central Bank. It said cash outside the banking system stood at 354.9 billion drams in late August from 352.8 billion in late July 2012.
Demand savings deposits in drams dropped to 149.6 billion from 153.1 billion drams in late July and time deposits in drams rose to 172.4 billion drams from 170 billion drams in late July. Deposits in foreign currency rose to 564.2 billion from 538.8 billion. Deposits in foreign currency made 45.5% of all deposits. Money multiplier grew 0.03 points to 2.05. ($1 = AMD 407.9). -0-
