Dram Supply In Armenia In July, 2007, Grew By 74,9%, Money Supply –

DRAM SUPPLY IN ARMENIA IN JULY, 2007, GREW BY 74,9%, MONEY SUPPLY – BY 45,6%, MONETARY BASE – BY 47,7%

arminfo
2007-08-13 14:10:00

The money supply in Armenia in July, 2007, grew by 47,7% per year,
while the dram supply – 74,9%.

As RA CB’s press-service told ArmInfo, growth of dram deposits in
Armenia in this period made up 97,7% and that of the invertible cash
– 61,8%. The currency deposits in dram equivalent over the reporting
period reduced by 5,2% that is a result of revaluation of the national
dram. Along with it, the currency deposits in dollar equivalent
increased by 16,8%. "As a result, the money supply grew by 45,6%",
the message says.

According to the source, refinancing rate in July grew by 0,25 point
to 4,75%. High rates of crediting of RA economy, by 47,2%, have been
also preserved in July, that exceeded the predicted indicator for 3Q
– 40,9%.

Along with it, the specific weight of dram credits in the total volume
of crediting over the reporting period grew to 59,9%. At August
2 session, the CB’s Board preserved the rate of refinancing at the
previous level, as well as the rate on deposits at the level of 1,75%
and the rate on lombard credits at the level of 7,75%.