Tuesday, October 2 2012 11:01
Monetary base in Armenia up 0.6% for August amid 5% growth of statutory reserves in national dram
ArmInfo. Monetary base in Armenia was up 0.6% for August 2012 (by 3.552 bln drams) to 604.6 bln drams ($1.5 bln) as of Sept 1. Preliminary data of the Armenian Central Bank provided by the National Statistical Service of Armenia say that monetary base grew 3.6% versus August 2011. In the structure of monetary base, cash circulating outside the Central Bank grew 1% for August to 400.6 bln drams (66.2% of monetary bases) as of Sept 1, with a 11.3% year over year growth.
The share of statutory dram reserves in total monetary base made up 24.1% or 146 billion drams growing 5% for August and 38% versus the same period of 2011. The share of statutory foreign exchange reserves totaled 7.9% of total or 48.1 billion drams growing 21.8% for August amid 54.9% decline versus August 2011.
The source reported that external reserves (exclusive of privatization funds) were up 3.6% for August 2012 to 384.4 billion drams (19.2% down versus August 2011). Internal assets fell 4.4% to 220.2 billion drams as of Sept 2012, amid over twofold growth versus August 2011.
Negative capital requirement to the government totaled 89.4 billion drams deepening 1.9% for Aug 2012 (down 10.7% versus Aug 2011). The share of banks in total internal assets was 120 billion drams falling 6.6% for Aug 2012 and 29.9% versus Aug 2011.
In the structure of internal assets, REPO transactions fell 10.5%for Aug 2012 amid 2.5-fold growth versus Aug 2011 and totaled 34.5 bln drams.
Active consumer lending causes double-digit growth in bad loans 
Luys Foundation: Armenian government continues to face challenges in budget planning
Armenia`s brandy and winemaking industry in crisis - economist 
Even at embryonic stage, powerful impetus given to economic activity in energy sector - ENA acting manager 
Armenian NA OKs ENA nationalization 
China preparing to open new chapter of One Belt, One Road initiative with involvement of Armenia - diplomat 
The Merger between "Ardshinbank" CJSC and "Ardshininvestbank" CJSC Has Been Completed
Ticket packets 1.2% of total number of transport tickets in Yerevan