ARKA News Agency, Armenia
Feb 2 2007
32.9% INCREASE RECORDED IN MONEY SUPPLY IN ARMENIA IN 2006
YEREVAN, February 1. /ARKA/. The money supply increased by
AMD120.2bln or 32.9% and totaled AMD485.7bln in Armenia in 2006. An
AMD28.8bln or 6.3% increase was recorded in money supply in Armenia
in December-2006 only.
According to the provisional data of the Central Bank of Armenia
(CBA), the cash out of the banking system totaled AMD 211.5bln and
AMD call deposits made AMD83.9bln at the end of 2006 against
AMD144.3bln and AMD57.8bln respectively in the beginning of the year.
Fixed deposits in AMD totaled AMD47bln at the end of the period
against AMD22.7bln in the beginning.
Foreign currency deposits amounted to AMD143.4bln against AMD140.8bln
in the beginning of the year. The share of foreign currency deposits
in the money supply decreased by 9pct down to 29.5% as compared with
the beginning of the year.
The money multiplier made 1.79 at the end of the year against 1.85 in
the beginning of the year.
Under its Program of monetary and credit policy, CBA projected a
21.9% growth in money supply (up to AMD440.2bln) and a 1.99 money
multiplier by the end of the year. ($1 = AMD360.07). N.V. -0–