{"id":251328,"date":"2024-01-31T11:47:07","date_gmt":"2024-01-31T11:47:07","guid":{"rendered":"https:\/\/armbanks.am\/2024\/01\/31\/251328\/"},"modified":"2024-01-31T11:47:07","modified_gmt":"2024-01-31T11:47:07","slug":"outpacing-growth-of-time-deposits-in-amd-does-not-indicate-tectonic-shifts-central-bank-of-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/01\/31\/251328\/","title":{"rendered":"Outpacing growth of time deposits in AMD does not indicate &#8216;tectonic&#8217; shifts\u00a0&#8211; Central Bank of Armenia"},"content":{"rendered":"\n<p><strong>YEREVAN, January 31. \/ARKA\/.<\/strong> Head of the Armenian Central Bank Martin Galstyan does not think that the outpacing growth of time deposits in AMD indicates any &#8216;tectonic&#8217; shifts or abrupt developments in the market.<\/p>\n\n\n\n<p>&#8220;I believe that the processes are proceeding in a natural way,&#8221; he said to a Tuesday press conference.<\/p>\n\n\n\n<p>At the same time, he did not rule out that citizens, seeing the strength of the national currency and demonstrating a positive attitude to the regulator&#8217;s policy, prefer to keep more savings in drams.<\/p>\n\n\n\n<p>Galstyan said that time deposits in AMD grew last year by 25.2%, and deposits in foreign currency by 4.8%, demand deposits also grew: AMD deposits by 35%, foreign currency deposits by 32%.&nbsp;&nbsp;<\/p>\n\n\n\n<p>&#8220;Aggregate deposits of resident individuals grew by 21.3%,&#8221; he noted.<\/p>\n\n\n\n<p>According to the Central Bank, total bank deposits amounted to AMD 5.68 trillion at the end of 2023, of which AMD 4.32 trillion were residents&#8217; deposits. ($1 &#8211; 403.96 drams) -0-.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Head of the Armenian Central Bank Martin Galstyan does not think that the outpacing growth of time deposits in AMD indicates any &#8216;tectonic&#8217; shifts or abrupt developments in the market.<\/p>\n","protected":false},"author":1,"featured_media":157755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-251328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=251328"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157755"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}