Wed, 11 June
17.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenia’s money supply in August grows by 0.95 percent to 1.426 trillion drams

YEREVAN, September 30. / ARKA /. Armenia’s money supply in August saw a 0.9 percent rise from July to about 1.425.6 trillion drams, according to the numbers, released today by the National Statistical Service, which cited the Central Bank data.

It said cash outside the banking system at the end of August amounted to about 359.1 billion drams, down from 365.1 billion drams at the end of previous month. Call deposits (in drams) stood at about 166.3 billion drams, down from 164.7 billion drams.

Time deposits in the national currency exceeded 220.9 billion drams, up from 219.6 billion drams at the end of July. Deposits in foreign currency stood at about 679.2 billion drams, up from 663.2 billion.

The money multiplier was 2.10 at the end of August, falling by 0.01 percent to 1.94 ($1 – 405.06 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img