Tuesday, July 31 2012 15:44
Monetary base in Armenia up 8.4% to $1.348 bln
ArmInfo. Monetary base in Armenia was up 1.8% (by 9.9 bln AMD) for Q2 2012 to 563.6 bln AMD ($1.348 bln) by 1 July 2012. Preliminary data of the Armenian Central Bank provided by the National Statistical Service of Armenia say that the y-o-y growth of the monetary base is 8.4%.
In the structure of monetary base, cash circulating outside the Central Bank grew by 6.2% for Q2 2012 to 384 bln AMD by 1 July 2012 (13.3% y-o-y growth). The share of compulsory dram reserves in total monetary base made up 24% or 135.6 bln AMD (11.3% decline for Q2 2012, 50.8% y-o-y growth). The share of compulsory foreign exchange reserves totaled 6.4% or 39.1 bln AMD (22.6% growth for Q2 2012, 49% y-o-y decline).
The source reported that external reserves (exclusive of privatization funds) were down 0.4% for Q2 2012 to 365.8 billion drams (9.1% y-o-y decline). Internal assets dropped by 0.4% to 197.8 bln AMD by July 1 2012 (68.2% y-o-y growth).
In the structure of internal assets, the receivables from the Government were fixed at negative 94.1 bln AMD (14.6% decline for Q2 2012, 12.5% y-o-y decline). The receivables from the banks rose by 10.9% for Q2 2012 to 108.6 bln AMD (25.9% y- o-y growth). REPO transactions grew almost 4-fold to 42.7 bln AMD.
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