Tuesday, September 18 2012 19:17

By late August monetary stock in Armenia grew by 24.3%, AMD stock grew by 18.9%


ArmInfo. In August 2012 the economy crediting rates grew by 34.3% versus August 2011. Foreign exchange loans continue prevailing in their structure.

The press service of the Central Bank of Armenia reports that by late August 2012 the monetary stock grew by 24.3% versus August 2011, and the AMD stock grew by 18.9% versus August 2011. Meanwhile, the AMD deposits increased by 26.6%, while foreign exchange deposits increased by 31.7% (or 17.4% excluding the impact of the exchange rate changes).

According to the CBA's forecasts, the monetary and AMD stocks in 2012 will grow by 17.6% and 21.1% respectively. The growth of the monetary base will be 8%. The circulating AMD cash will increase by 13.3% in 2012. AMD deposits will increase by 30%, foreign exchange deposits - by 12.6%. As a result, the level of economy dollarization will drop by 4.2%, and monetization will grow by more than 10%. Economy crediting will grow by 20.2% (by 270 bln AMD). The forecasted growth rates for 2012 will mostly be ensured due to mortgages and lending to small and medium enterprises.
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