Monetary base decreases by 3.5%, broad money by 4.4% in Armenia in
November 2008

YEREVAN, JANUARY 9, NOYAN TAPAN. The monetary base amounted to 422 bln
14 mln drams (more than 1 bln 380 mln USD) in Armenia as of November
30, 2008, decreasing by 15 bln 435 mln drams or 3.5% as compared with
the previous month.

According to preliminary data transferred by the Central Bank of
Armenia to the RA National Statistical Service, broad money made 721
bln 330 mln drams as of November 30, 2008, decreasing by 33 bln 423 mln
drams or 4.4% as compared with the previous month.

The balance of the population’s deposits with Armenian banks amounted
to 202 bln 397 mln drams as of November 30, 2008, declining by 4 bln
355 mln drams or 2.1% on the previous month and by 39 bln 871 mln drams
or 24.5% as compared with the respective period of 2007.