FOREIGN CURRENCY DEPOSITS OF RA BANKS DECREASE IN EARLY APRIL
YEREVAN, APRIL 11, NOYAN TAPAN. Accroding to the 20 Armenian banks’
indices, in the period of March 25 to April 1, the broad money
increased by 2 bln 618 mln drams in Armenia and made 276 bln 996 mln
drams (about 615 mln USD). The amount of cash in circulation increased
1 bln 877 mln drams on last week to 91 bln 976 mln drams. According to
the Central Bank of Armenia (CBA) data, the on-call dram deposits grew
212 mln drams to 36 bln 272 mln drams, while the time deposits grew 1
bln 545 mln drams to 16 bln 284 mln drams. The foreign currency
deposits decreased 1 bln 16 mln drams and made the amount equivalent
to 132 bln 464 mln drams. The monetary base decreased 288 mln drams
and made 123 bln 330 mln drams as of April 7. As of the same day, the
net foreign assets (without privatization resources) declined by 268
mln drams, whereas the net domestic assets – by 20 mln drams.