MONETARY BASE DECLINES BY 2.2%, BROAD MONEY GROWS BY 0.7% IN ARMENIA IN MARCH 2008
Noyan Tapan
Ma y 12, 2008
YEREVAN, MAY 12, NOYAN TAPAN. As of March 31, 2008, monetary base
made 380 bln 822 mln drams (about 1 bln 236.2 mln USD), declining by
8 bln 493 mln drams or 2.2% on the previous month.
According to preliminary data transferred by the Central Bank of
Armenia (CBA) to the RA National Statistical Service, as of March 31,
2008, broad money made 678 bln 658 mln drams, increasing by 4 bln
903 mln drams or 0.7% on the previous month.
The balance of the population’s deposits with banks amounted to
188 bln 632 mln drams as of March 31, 2008, growing by 16 bln 48 mln
drams or 9.3% on the previous month and by 56 bln 692 mln drams or 43%
as compared with the same day of last year.