ARMENIA’S MONETARY BASE REDUCES BY 6,74% AND MAKES AMD 187,1 BLN IN JANUARY-FEBRUARY 2006

ARKA News Agency, Armenia
April 6 2006

YEREVAN, April 6. /ARKA/. Armenia’s monetary base reduced by 6,74%
or AMD 13,5 bln and made AMD 187,1 bln in January-February 2006.

According to the information of the RA National Statistic Service
(NSS) based on the preliminary data of the CBA, in February the
monetary base reduced by AMD 330 mln or 0,18%.

According to the NSS, by the end of 2006, cash money out of CBA
amounted to AMD143,1 bln, against AMD 155,3 bln at the beginning of
the year.

Required reserves amounted to AMD 22,7 bln, against AMD 22,3 bln at
the beginning of the year.

At the beginning of February net eternal assets (privatization
receipts exclusive) reduced by 0,89% or 1,9 AMD bln. and made AMD
212,7 bln. Net internal assets amounted to minus AMD 25,7 bln,
against minus AMD 14,1 bln at the beginning of the year.

In accordance with the program of the RA monetary-credit policy,
in 2006, the CBA forecasts 17,3% growth of the monetary base up to
AMD 219,6 bln by the end of the year. ($1 – AMD 450,78).