Monday, May 2 2011 14:57
Monetary base in Armenia up 9.3% for Q1 2011
ArmInfo. Monetary base in Armenia was up 5% for March 2011 and totaled 506.3 bln AMD ($1.37 bln) by 1 April 2011. Preliminary data of the Armenian Central Bank provided by the National statistical service of Armenia say that monetary base grew 8.8% in March 2011 as compared with March 2010, and by 9.3% in Jan-Mar 2011.
In the structure of monetary base, cash circulating outside the Central Bank fell 0.2% for Jan-Mar 2011 and totaled 312.4 bln AMD by 1 April 2011. As compared with March 2010, this index grew 13%. The share of compulsory dram reserves in total monetary base made up 19% or 96 billion drams, having grown 44.1% for Jan-Mar 2011 (3.5-fold growth as compared with Jan-Mar 2010). The share of compulsory foreign exchange reserves totaled 16.2% of total or 82.3 billion drams, having grown 31.6% for March (almost twofold annual decline).
The source reported that external reserves (exclusive of privatization funds) was down 1.5% for Jan-Mar 2011 to 421.3 billion drams (12% annual decline). Internal assets totaled 85 billion drams by April 1 2011, having grown over twice for Jan-Mar.
In the structure of internal assets, liabilities to government were fixed at negative 92.1 bln AMD, having grown by 10.8% in March. The liabilities to the banks decreased by 0.9% in March to 67.2 bln AMD. In the structure of internal assets, REPO transactions declined by 16.6% for March 2011 to 5.034 bln AMD.
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