Armenia’s gross international reserves in 2010 December contract by 7.2% to $1.859 billion

Exchange market

YEREVAN, January 31. / ARKA /. Armenia’s gross international reserves in 2010 December contracted by 7.2% ($144.4 million) from a year before to $1.859 billion, the Central Bank of Armenia (CBA) said in a statement posted on its official website.

It said reserves in convertible foreign currency reduced by 2.8% or $55.23 million to $1.825.5 billion as of December 30, 2010. Armenia’s

SDR at IMF dropped to $33.5 million from $124.69 million in late 2009 December.  -0-

Structure of Armenia’s gross international reserves

($ mln.)

Name Dec.-09 Jan.-10 Feb.-10 March-10 Apr..-10 May-10 June-10 July-10 Aug.- 10 Sep.10 Oct.-10 Nov.-10 Dec.-10
Gross international reserves 2003,41 1938,45 1848,64 1838,08 1887,4 1783,5 1780,0 1831,2 1839,7 1848,4 1842,1 1,809.5 1,859.0
Gold 0 0 0 0 0 0 0 0 0 0 0 0 0
SDR at IMF 124,69 123,64 120,22 118,57 25,6 20,3 43,5 44,6 41,9 43,3 39,0 32.1 33.5
Reserve position at IMF 0 0 0 0 0 0 0 0 0 0 0 0 0
Foreign currency reserves (in freely convertible currencies) 1878,73 1814,81 1728,42 1719,52 1862,1 1763,3 1736,5 1786,6 1797,8 1805,3 1803,2 1,777.4 1,825.5
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