Armenia’s international gross reserves drop by 4.6% to $1.9 billion

YEREVAN, June 2, /ARKA/. Armenia’s international gross reserves at the end of quarter one, 2010 dropped by 4.6% (or $92.4 million) from the beginning of the year to $1.911.3 billion, the country’s Central Bank reported.

It said funds in convertible currency dropped by 4.6% or $86.1 million to $1.792.92 billion. According to the Central Bank, Armenia’s SDR at the International Monetary Fund (IMF) at the end of Q1 2010 dropped to $118.34 million from $124.69 million at the beginning of the year.

Structure of Armenia’s international reserves for quarter one 2001

Name At the beginning of Q1 At the end of Q 1
Gross international reserves ($ mln.) 2003,7 1911,3
Gold 0 0
SDR at IMF 124,69 118,34
Reserve positions at IMF 0 0
Forex funds in convertible currency 1878,99 1792
spot_img

POPULAR

Board of the Central Bank of Armenia raised the monetary policy rate for the second time in a row, to 7%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points, from 6.75% to 7%.

Central Bank of Armenia has tightened liquidity requirements for banks, taking into account the risk of large outflows of funds – Galstyan

The Central Bank of Armenia has tightened liquidity requirements for banks with large, concentrated foreign currency inflows to limit the risk of a potential outflow of funds.

Armenia plans to attract $1.1 billion in loans in 2027 – Finance Minister

The Armenian government plans to attract $1.1 billion in loans in 2027, said RA Finance Minister Vahe Hovhannisyan.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 26 – November 1)

The financial agenda for the week included a review of bank capital requirements, preparation of a framework for thematic bonds, and the development of a digital financial services infrastructure.

LATEST NEWS

spot_imgspot_imgspot_img