ARKA News Agency, Armenia
Dec 5 2007
4.16% rise in Armenia’s financial resources in oct 2007
YEREVAN, December 5. /ARKA/. Armenia’s financial resources in October
2007 increased by AMD 14bln or by 4.16% and totaled AMD 346.9bln.
According to the Armenian National Statistical Service based on the
preliminary data of the Central Bank of Armenia (CBA), cash drams
outside the CBA totaled AMD 292bln at the end of October 2007 against
AMD 279bln at the beginning of the month.
The amount of obligatory reserves in drams totaled AMD 28.6bln
against AMD 26.97bln at the beginning of September, in foreign
currency – AMD 25.3bln against AMD 26.6bln.
Net foreign assets (without means from privatization) totaled AMD
424.5bln at the end of September 2007, increasing by AMD 15bln or by
3.75%. The amount of net internal assets totaled minus AMD 77.7bln
against minus AMD 76.2bln at the beginning of the month (minus AMD
38.8bln – at the beginning of the year).
>From the beginning of 2007 the volume of financial resources in
Armenia increased by 22.57% (from AMD 282.9bln). In accordance with
Armenia’s money and credit policy, the CBA forecasts 25.4% rise of
financial resources for 2007. ($1 – AMD 306.5). -0–