IN FEBRUARY 2010 MONETARY BASE OF ARMENIA DECLINED BY 2,5%

ArmInfo
02.04.2010

ArmInfo. In February 2010 the monetary base of Armenia grew by 13%
as compared with February 2009. According to the preliminary data of
the Central Bank of Armenia (CBA) provided to ArmInfo, over February
2010 the monetary base declined by 2.5%, having totalled 446.8 bln AMD
($1.2 bln) by 1 March.

In the structure of monetary base, cash funds outside CBA increased by
0,04% in February 2010 and by 11,8% as compared with February 2009,
having totalled 283.3 bln AMD by March 1 2010. The share of legal
AMD reserves in the total monetary base made up 6,1% or 27.5 bln
AMD, having declined by 7,9% in February. The share of legal foreign
exchange reserves made up 29,5% or 132 bln AMD, having declined by 8%
in February (the annual growth being 11.8%).

According to the source, foreign reserves (privatization funds
exclusive) declined by 5,3% in February to 477.6 bln AMD (60,4%
annual growth). The share of internal assets amounted to negative 30.8
bln AMD in February 2010, having increased by 33% as compared with
January. In the structure of internal assets, the liabilities before
the government amounted to negative 161.7 bln AMD, having increased by
7% in February (over twice growth as compared with February 2009). In
the total volume of internal assets, 50.3 bln AMD fell on banks,
having declined by 9.2% in February (annual decline being 37.3%).

The volume of REPO agreements grew by 40.2% in February (over 5 times
decline as compared with February 2009).