Money supply in Armenia up 7% year over year due to growth of dollar deposits in banks

According to the National Statistical Service of Armenia the year over year growth of money supply is determined by growth of USD deposits in the banks by 19.3% (amid 11.7% growth in 11 months and 

2.8% growth in November) to 956.8 billion drams (54.1% in the money supply). At the same time dram deposits declined by 3.2% year over year amid 0.5% growth in 11 months and 2.3% decline in November to 486.4 billion drams (27.5% in money supply).

 

The cash circulated out of the banking system fell 6.3% year over year (down 7% for 11 months and up 0.3% in November) to 324.5 billion drams (18.3% in money supply). The share of call deposits in terms of the Armenian dram declined 4% year over year (amid growth by 6.2% in 11 months and decline by 7.3% in November) to 195.4 billion drams.  The time AMD deposits declined 2.6% year over year (amid 3% decline in 11 months and 1.3% growth in November) to 290.9 billion drams. Data on foreign deposits has not been published yet.

 

External assets kept the minus level- 379.6 billion drams falling by 4.1% year over year, overcoming the minus by 9.1% in 11 months and registering insignificant change in November. Internal assets grew 

6.5% year over year (amid 1.9% growth in 11 months and 0.7% in November) to 2.147 trillion drams. (On November 30, 2015, the AMD/USD exchange rate was 480.15 AMD/$).