Thursday, October 31 2013 21:25

Money base of Armenia down 1.4% in Sept 2013


ArmInfo. In Sept 2013 the money base of Armenia dropped by 1.4% to 722.6 bln AMD by 1 October 2013. According to the preliminary data of the Central Bank of Armenia (CBA), provided to ArmInfo by the National Statistical Service of Armenia, the money base rose by 20% as compared with the same period of 2012, and by 5.7% as compared with the beginning of the year.

In the structure of the money base the cash funds outside the CBA totaled 408 bln AMD (56.7% of the money base), having dropped by 0.6% in Sept 2012 and grown by 20% as compared with Sept 2012. Over Jan-Sept 2013 this index rose by 8.3%.

The share of AMD required reserves in the total money base made up 23% or 181.9 bln AMD (down 0.6% in Sept 2013, up 21.3% as compared with Sept 2012). Over Jan-Sept 2013 this index grew by 17.7%.

The share of foreign exchange required reserves made up 17.8% or 128.5 bln AMD (7.4% decline in Sept 2013, almost threefold growth as compared with Sept 2012). As compared with the beginning of 2013, the index was up 49%.

The source says that as of 1 Oct 2013 external reserves amounted to 679 bln AMD (59% increase in Sept 2013, almost twofold growth as compared with Sept 2012). Over Jan-Sept 2013 external reserves grew by 62.3%. Internal assets dropped by 86% in Sept 2013, by 5.3 times as compared with Sept 2012, and by 6 times in Jan-Sept 2013, having totaled 43.6 bln AMD.

As of 30 September 2013, the AMD/USD exchange rate was 405.29 AMD/$1.
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