Wednesday, February 1 2012 18:39

Foreign assets in money supply structure fell over 21-fold in Armenia in 2011


ArmInfo. Foreign assets in money supply structure fell over 21-fold in Armenia in 2011, in particular from 195 bln drams in 2010 to 9,2 bln drams in 2011. This indicator fell 68% in Dec alone. For comparison, in 2010 (Jan-Dec), foreign assets fell 2.6-fold. By preliminary data of the Central Bank provided by the National Statistical Service of Armenia, internal assets grew 7.2% for Dec (56% versus Jan-Dec 2010) to 1.1 trillion drams as of Jan 1 2012.

Money supply grew 23.6% in 2011, 5.2% for Dec 2011 to 1.127 trillion drams as of Jan 1 2012 ($2.9 billion). In the structure of money supply, cash in circulation outside the banking system grew 6.5% for Dec (14.8% for 2011) to 349.4 bln drams as of Jan 1 2012. The share of deposits in terms of the national currency (AMD) in total money supply was 27.5% or 310 bln drams, with the share of currency deposits being 41.5% or 467.5 bln drams.

In the structure of internal assets, liabilities to the government proved at the negative level of 7.6 billion drams (up 77.6% for Dec). In addition, the share of economy was 1,3 trillion drams (up 3.3% for Dec). The share of organizations was 749.8 billion drams (up 0.3% for Dec), the share of household was 544.1 bln drams (8.9% growth for Dec) and the share of non-commercial enterprises was 13.9 billion drams (up 1.8% for Dec).
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