Armenia’s Gross International Reserves Decrease By $86 Million To $1.779.8 Billion

YEREVAN, August 20. / ARKA /. As of late June this year Armenia’s gross international reserves decreased by $86 million or 4/6% from the beginning of the year to $1.779.8 billion, according to a statement posted on the official website of the Central Bank.

The assets in convertible currencies at the end of June stood at $1.763.4 billion, having decreased by 3.8% or $69.9 million from 2010 December.

According to the statement, Armenia’s Special Drawing Rights (SDR) at the IMF stood at $16.4 million, down from $33.5 million at the end of December last year. . -0-

Structure Of Armenia’s Gross International Reserves

($ mln.)

Name December
2010
January
2011
February 2011 March

2011

April 2011 May

2011

June
2011
Gross international reserves 1865.8 1817.0 1789.9 1823.4 1765.3 1707.5 1779.8
Gold 0 0 0 0 0 0 0
SDR at IMF 33.5 34.0 31.3 31.5 27.4 20.1 16.4
Reserve position at IMF 0 0 0 0 0 0 0
Convertible forex assets 1832.3 1783.0 1758.6 1791.9 1738.0 1687.4 1763.4
spot_img

POPULAR

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

LATEST NEWS

spot_imgspot_imgspot_img