Armenia’s monetary base increased 3.4% to AMD 777 billion in June 2016

YEREVAN, August 1. /ARKA/. Armenia’s monetary base grew 3.4% in June 2016, compared with May, to AMD 777 billion, the National Statistical Service of Armenia reports referring to the central bank’s preliminary data.

Cash outside of the central bank amounted to AMD 387.2 billion in June against AMD 368.8 billion in May.

Correspondent accounts in drams totaled AMD 278.8 billion in late June against about AMD 265.5 billion in late May and in foreign currencies AMD 106.1 billion against AMD 111.9 billion.

Net international reserves without money from privatization totaled over AMD 398.3 billion in late June after growing 2.6% over one month.

Net internal assets amounted to AMD 378.8 billion against AMD 388 billion. ($1- AMD 476.13). -0—-

spot_img

POPULAR

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Foreign currency supply increasing in Armenia – Central Bank

The supply of foreign currency is growing in Armenia's foreign exchange market, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, stated in an interview with CivilNet.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

Unibank to Raffle a Trip to Italy

Unibank announces the launch of a special campaign, "More Opportunities with Unibank Mastercard World Travel Card."

LATEST NEWS

spot_imgspot_imgspot_img