350.3 BLN WORTH BANKNOTES, COINS PUT INTO CIRCULATION IN LATE 2007
ARKA
May 16, 2008
YEREVAN, May 16. /ARKA/. The Central Bank of Armenia (CBA) says
350.3bln drams worth banknotes and coins were in circulation in
Armenia in late 2007 54.4% increase as compared to early 2007.
The share of non-bank cash was 47.2% in total money supply last
year against 43.5% in 2006. Both cash balance and money circulation
hit a record high of 35.7% in the reporting period. Last year,
CBA territorial cash offices ensured 25.1% growth of total cash
circulation against 18.9% in 2006.
Notes for 20,000 and 50,000 drams secured cash balance growth outside
CBA, with their share rising 2.5pct and 1.8pct correspondingly.
Circulation of notes for 10,000 drams increased by 26.6% in 2007. Notes
for 5,000, 10,000 and 20,000 drams had the lion’s share in cash
circulation last year (85% against 83% in 2006).
During the reporting period, coin circulation grew 17% with 34%
increase of 500 drams. ($1 – AMD 307.58)
Disclaimer: This article was contributed and translated into English by Navasardian Karapet. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2008/05/19/350-3-bln-worth-banknotes-coins-put-into-circulation-in-late-2007/