Status report on implementation of the monetary policy program (Inflation report) Q4, 2010
2011-02-18 17:49
2010/4 SUMMARY
High inflationary environment has been the main macroeconomic development over 2010. One factor that contributed to the creation of such an environment was sharp increase of food prices in world markets (in 2010 the World Bank Food Index rose by 25.3 percent), fuelled greatly by price increases on wheat (48.6 percent p.a.) sunflower oil (47.5 percent p.a.) and sugar (42.8 percent p.a.). The other significant factor was the
downfall in agriculture, which led to sever...
The Monetary Policy Programm of the Republic of Armenia Q1, 2011
2011-01-31 16:06
(2011/1) Q4 2010 actual indicators and developments
In the beginning of 2011 the macroeconomic situation was characterized by high inflationary environment as influence of expansionary fiscal and monetary policies implemented in 2009 began to appear at the yearend 2009, and it was expected that in the first quarter of 2010 it would reach its peak. The other factor contributing to the inflationary environment were increased international prices of food and primary goods since the second half of...
Statement of financial position as at 31 December 2010
2010-12-31 18:13
Statement of financial position as at 31 December...
Financial System of Armenia. Development, Regulation, Supervision 2009
2010-12-20 11:15
Inflation
The 2009 was full of crisis challenges for the financial system of Armenia. Negative indications of global crisis penetrated the financial system already in the fourth quarter of 2008, when economic growth rate declined almost in all areas of real sector.
While implementing policy for mitigating negative impacts of global crisis on Armenian financial system, the Central Bank of Republic of Armenia (hereinafter CBA) considered combination of price stability and financial stability as...
Financial Stability Report (2010 1st half)
2010-11-23 13:09
This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...
Status report on Implementation of the Monetary Policy Program Q3, 2010. Inflation report
2010-11-12 12:55
(2010/3) Summary
The main macroeconomic developments in the third quarter of 2010 were characterized by deepening inflationary environment and slowing recovery rates in world and domestic economies. A high inflationary environment was mostly attributable to the downfall in agriculture and steep price rise in food products, wheat in particular, in global markets. Also, the tightening of monetary policy since the beginning of the year, including the developments in the foreign exchange market,...
Statement of financial position as at 30 September 2010
2010-09-30 18:20
Statement of financial position as at 30 September...
Quarterly review (first quarter, 2010)
2010-06-20 07:42
Financial System of the Republic of Armenia Q1, 2010
Banks functioning in the Republic of Armenia
As of 31.03.2010, there have been 22 commercial banks with a total of 389 branch offices, functioning in the territory of the Republic of Armenia. In the period under review, coupled with spurring up of the economy, growth trends observable throughout previous two quarters in a row persisted in the banking market. Assets and loans of the banking sector reported growth by 4.3 percent and...
Statistical Bulletin of the CBA 2009
2010-05-25 13:55
Statistical Bulletin of the Central Bank of Armenia is an annual periodical that presents data on monetary, fiscal, external and real sectors as well as main indicators of financial organizations and of the payment and settlement system. Description of data contained in this Statistical Bulletin are presented in the section Methodological notes....
Status Report on Implementation of the Monetary Policy Program Q1, 2010. Inflation Report
2010-05-18 14:09
(2010/1) Summary
The main macroeconomic developments in the first quarter of 2010 have been attributable to inflationary pressures which were transmitted from the previous yearend and faster recovering world and domestic economies. Persisted high prices of food and non-food products in global markets due to positively developing world economy, expansionary impact coming from the previous year’s implementation of monetary and fiscal policies as part of anti-crisis measures and...
The Monetary Policy Programm of the Republic of Armenia Q2, 2010
2010-04-30 16:39
(2010/2) Q1, 2010 actual indicators and developments
In the first quarter of 2010 inflationary environment carried on as the global economy continued to see positive developments in the form of persisting high prices of food and non-food products in international markets, expansionary impact of monetary and fiscal policies is being transmitted on from previous year in the framework of anti-crisis measures and because of depreciation of the dram fuelled by negative expectations. Inflation was...
Statement of financial position as at 31 March 2010
2010-03-31 18:26
Statement of financial position as at 31 March...
Annual report 2009
2010-03-30 13:01
According to Article 17 of the Law on the Central Bank of the Republic of Armenia, the Central Bank of the Republic of Armenia (the CBA) hereby presents to the National Assembly of the Republic of Armenia the financial statements as of and for the year ended 31 December 2009, including the balance sheet, the income statement, the cash flow statement, the statement of changes in equity and the notes to the financial statements.
The financial statements of the CBA are based on the accounting...
Financial Stability Report (2009 annual report)
2010-03-30 11:49
This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...
Status report on implementation of the monetary policy program 2009 (inflation report)
2010-02-23 11:39
(2009/4) SUMMARY
The main macroeconomic developments in the fourth quarter of 2009 were high inflationary environment and faster recovering global economy and domestic economies. Faster than expected increase of prices of raw materials and some food products in global markets, revived economy and strictly expansionary monetary and fiscal policy implementation during the year have resulted in notable acceleration of the rate of inflation in the fourth quarter, having persisted within the...