Thu, 3 April
15.1 C
Yerevan
USD: 391.16 RUB: 4.65 EUR: 422.18 GEL: 141.47 GBP: 505.97
spot_img

Armenia’s monetary base in August increased by 1.8% from July to about 852.3 billion drams

YEREVAN, October 5. / ARKA /. Armenia’s monetary base in August 2016 increased by 1.8% from July to about 852.3 billion drams, the National Statistical Service (NSS) said citing the preliminary data of the Central Bank.

According to NSS, cash outside the Central Bank in late August stood at about 405.4 billion drams, up from 404.7 billion drams in late July.

Correspondent accounts in Armenian drams stood at about 293.1 billion drams against nearly 309.1 billion drams at the end of July, and accounts in foreign currency were worth the equivalent of 146 billion drams against 114 billion drams at the end of July.

Net international reserves (without privatization funds) at the end of August 2016 amounted to about 452.4 billion dams, having increased by 11.6% from July.

The amount of net domestic assets during the reporting period stood at approximately 399.9 billion drams, up from 431.5 billion drams at the end of July. ($ 1- 474.36 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