Monday, January 10 2011 14:38
2,4% growth of Armenia's money base over November
ArmInfo. Armenia's money base over November 2010 grew by 2,4% and reduced over Jan-Nov 2010 by 0,6% to 455.2 bln drams ($1.2 bln). Preliminary data of Armenian Central Bank, provided to ArmInfo by National Statistical Service of Armenia, say the money base of Armenia reduced by 2% per annum.
In the money base structure, cash money beyond Armenian CB grew by 0,5% over November 2010 (6% growth per annum) and made up 314.7 bln drams by December 1. Specific weight of the required dram reserves in the total volume of money base made up 13,6% or 62 bln drams. This indicator grew over the reporting month by 0,2%, and almost three-fold per annum. 16,6% of the total money base volume or 75.6 bln drams fell on the required foreign exchange reserves (13,5% growth over November, and over twofold annual reduction).
According to the source, the size of external reserves (less regard to privatization funds) grew over November 2010 by 1,5% to 446.6 bln drams (20,4% annual reduction). The size of internal assets in November 2010 grew by 106,8% and made up 8.6 bln drams by December 1, 2010. In the structure of internal assets, requirements to the government have been fixed at the minus level of 133.1 bln drams with 6,4% growth in November. Requirements to the banks reduced in November by 7,4% to 56.9 bln drams. In the structure of internal assets, the volume of REPO-operations reduced over November by 16,3% to 5 bln drams.
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