Armenia’s money supply grows by 3.3% in July 2008
Armenia’s money supply grows by 3.3% in July 200802.09.2008, ARKA
Armenia’s money supply totaled 426.2bln drams – 3.3% (13.5bln drams) increase, the RA National Statistical Service (NSS) says, referring to the Central Bank of Armenia (CBA). Armenian drams in cash outside CBA totaled 356.3bln drams as of end-July against 343.3bln drams earlier that month. Required dram reserves were worth 28.57bln drams in July against 28.61bln drams in June. Required foreign-currency reserves totaled 40.4bln drams as of end-July against 39.96bln drams in late June.
Net international reserves (without privatization receipts) totaled 425.2bln drams in July – 1.8% (7.4bln) month-on-month growth. Red ink of net internal assets totaled 1.031bln drams in July against 5.097bln drams in June (18.8bln in early 2008).
Armenia’s money supply has decreased by 0.2% since January. ($1 – 302.44 drams) Z. Sh.—0--
