YEREVAN, February 25. /ARKA/. Armenia’s monetary base dropped by 4% to about 655.9bln drams in January 2013, compared to December 2012.
Cash outside the Central Bank of Armenia totaled over 400.6bln drams by the end of January versus 440.1bln drams as of the end of December.
Mandatory reserves in drams stood at over 175.8bln drams against more than 154.5bln drams at the end of December; mandatory reserves in foreign currency exceeded 73.5bln drams against over 86bln drams.
Net international reserves (without privatization funds) amounted to around 403.1bln drams by the end of January, a 3.6% increase against December 2012.
Net domestic assets dropped to over 252.8bln drams from 265.4bln drams in late December. ($1=407.49drams).–0–
