MONETARY BASE GROWS BY 0.6%, BROAD MONEY BY 0.02% IN ARMENIA IN SEPTEMBER 2008

Noyan Tapan

Nov 4, 2008

YEREVAN, NOVEMBER 4, NOYAN TAPAN. As of September 30, 2008, the
monetary base made 438 bln 347 mln drams (about 1 bln 423 mln USD) in
Armenia, growing by 2 bln 572 mln drams or 0.6% on the previous month.

According to data transferred by the Central Bank of Armenia to the
RA National Statistical Service, as of September 30, 2008, the broad
money amounted to 753 bln 559 mln drams, growing by 147 mln drams or
0.02% on the previous month.

The balance of the population’s deposits with banks made 216 bln 714
mln drams as of September 30, 2008, declining by 1 bln 71 mln drams or
0.5% on the previous month and growing by 56 bln 147 mln drams or 35%
as compared with the same date of last year.