YEREVAN, February 14. \/ARKA\/. The Central Bank of Armenia says in its monetary policy program for the first quarter of this year that dollarization in the country\u2019s money stock is expected to subside 4.2% in 2012.<\/p>\n
The regulator says that to tame down dollarization it plans to increase cash on hand by 13.3% and deposits in national currency by 30%, while deposits in foreign currencies will be enlarged by 12.6%.<\/p>\n
It means the ratio of the country\u2019s dram base to GDP will rise 10%.<\/p>\n
The central bank also says that money and dram stock will grow 17.6% and 21.1% respectively, and monetary base will grow 8%.
\nAccording to National Statistical Service of Armenia, the country\u2019s monetary base grew 13.6% or by AMD 80.2 billion in December 2011, compared to the previous month, to AMD 671.3 billion.<\/p>\n
Money stock grew 5.2% or by AMD 55.8 billion in December 2011, compared with November, to AMD 1127 billion. ($1 \u2013 AMD 388.62).-0—<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank of Armenia says in its monetary policy program for the first quarter of this year that dollarization in the country\u2019s money stock is expected to subside 4.2% in 2012.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,12159,9216],"tags":[15837,15865,12479,885],"class_list":{"0":"post-33400","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-exchange-market","8":"category-news","9":"tag-armenia-2","10":"tag-central-bank-2","11":"tag-dollarization","12":"tag-885"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/33400","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=33400"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/33400\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=33400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=33400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=33400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}