Monday, September 3 2012 17:32
Monetary base in Armenia up 6.6% to $1.4 bln in July 2012
ArmInfo. Monetary base in Armenia was up 6.6% (by 37.5 mln AMD) in July 2012 to 601 bln AMD ($1.4 bln).
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 13.3%.
In the structure of monetary base, cash circulating outside the Central Bank grew 3.3% for July 2012 to 396.8 bln AMD (11.6% y-o-y growth). The share of compulsory dram reserves in total monetary base made up 25.6% or 153.8 bln AMD (13.4% growth for July 2012 and 47% y-o-y growth). The share of compulsory foreign exchange reserves totaled 6.6% or 39.5 bln AMD (1.1% growth for July 2012 and 30.2% y-o-y decline).
The source reported that external reserves (exclusive of privatization funds) were up 1.3% for July 2012 to 370 billion drams (13.5% y-o-y decline). Internal assets grew by 16.5% to 230.5 bln AMD (twice as much as in July 2011).
In the structure of internal assets, the receivables from the Government were fixed at negative 87.7 bln AMD (6.8% decline for July 2012 and 13.8% y-o-y increase). The receivables from the banks grew by 18.2% for July 2012 to 128.4 bln AMD (43.9% y-o-y growth). REPO transactions dropped by 9.7% to 36.6 bln AMD (more than threefold y-o-y growth).
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