MONETARY BASE GROWS BY 2.1%, BROAD MONEY – BY 2.5% IN ARMENIA IN APRIL 2007

Noyan Tapan
Jun 06 2007

YEREVAN, JUNE 6, NOYAN TAPAN. As of April 30, 2007, the monetary
base made 270 bln 496 mln drams (about 752 mln USD) in Armenia,
growing by 5 bln 684 mln drams or 2.1% on the previous month.

According to the RA National Statistical Service, as of April 30,
2007, the broad money made 494 bln 846 mln drams, growing by 11 bln
918 mln drams or 2.5% on the previous month.

The balance of citizens’ deposits with banks made 130 bln 527 mln
drams as of April 30, 2007, decreasing by 1 bln 413 mln drams or 1.1%
on the previous month and by 27 bln 429 mln drams or 26.6% on the
same day of last year.

As of March 31, 2007, 21 banks with 304 branches operated in Armenia.