MONETARY BASE GROWS BY 5.4%, BROAD MONEY – BY 6% IN ARMENIA IN JULY 2007

Noyan Tapan
Sep 4, 2007

YEREVAN, SEPTEMBER 4, NOYAN TAPAN. The monetary base made 302 bln
835 mln drams (about 855.3 mln USD) in Armenia as of July 31, 2007,
increasing by 15 bln 518 mln drams or 5.4% on the previous month.

According to the RA National Statistical Service, the broad money
made 554 bln 279 mln drams as of the same day, growing by 31 bln 243
mln drams or 6% on the previous month.

The balance of the population’s deposits with banks amounted to 150
bln 408 mln drams as of July 31, 2007, growing by 7 bln 717 mln or
5.4% drams on the previous month and by 43 bln 171 mln drams or 40.3%
on the respective period of last year.