Wednesday, May 2 2012 20:11
Money supply in Armenia up 1.9% to $2.9 billion for March 2012
ArmInfo. Money supply in Armenia was up 1.9% over March to 1.134 trillion AMD (2.9 bln USD) by 1 April 2012 (0.6% growth for Q1 2012, and 22.5% growth versus March 2011).
Preliminary data of the Armenian Central Bank provided to ArmInfo by the National Statistical Service of Armenia say that cash circulated out of the banking system grew by 0.6% for March 2012 to 321.3 bln AMD (8% decline over Q1, and 15.5% y-o-y growth).
The share of deposits in terms of the Armenian dram in total money supply was 30% or 328.6 billion drams (5.3% growth for March, 6% growth over Q1 2012, and 43% growth versus March 2011). The share of foreign deposits was 42.7% or 484.5 billion drams (0.6% growth for March 2012, 3.6% growth over Q1 2012, and 16% y-o-y growth).
External assets were down almost twofold for March 2012 to negative 86 billion drams (6.3% growth over Q1 2012 and considerably y-o-y decline from the positive level to the negative one). Internal assets grew by 5.6% in March to 1.22 trillion AMD (8.1% growth over Q1 2012, 53.7% y-o-y growth).
In the structure of internal assets, liabilities to the government proved at the negative level of 22.6 billion drams (down 47.9% for March, over twofold growth for Q1 2012 and 59.9% y-o-y growth). In addition, the share of economy was 1.42 trillion drams (up 2.9% for March, 6.9% growth for Q1 2012 and 34.5% y-o-y growth). The share of organizations was 832 billion drams (up 2.7% for March 2012, 10.9% growth for Q1 2012 and 37.6% y-o-y growth). The share of households was 550 bln AMD (3.3% growth for March 2012, 10% growth for Q1 2012, and 29% y-o-y grotwh), and the share of non-commercial enterprises was 20.5 billion drams (down 1% for March 2012, 46.6% growth for Q1 2012 and 57.6% y-o-y growth).
