MONETARY BASE GROWS BY 7.8%, BROAD MONEY – BY 8.6% IN ARMENIA IN
NOVEMBER 2007

YEREVAN, DECEMBER 28, NOYAN TAPAN. The monetary base made 374 bln 63
mln drams (over 1 bln 225 mln USD) as of November 30, 2007, growing by
27 bln 201 mln drams or 7.8% on the previous month.

According to data submitted by the Central Bank of Armenia (CBA) to the
RA National Statsitical Service, the broad money amounted to 651 bln
634 mln drams as of November 30, 2007, growing by 51 bln 478 mln drams
or 8.6% on the previous month.

The balance of the population’s deposits with banks made 162 bln 526
mln drams as of November 30, 2007, growing by 224 mln drams or 0.1% on
the previous month and by 51 bln 980 mln drams or 47% on the same day
of last year.