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

Head of Central Bank of Armenia explained why the strengthening of the dram does not offset the rise in global commodity prices

At a press conference on Tuesday, Martin Galstyan, Chairman of the Central Bank of Armenia, commented on the impact of the strengthening of the dram on the price dynamics of imported goods.

No liquidity shortage in Armenia, question is about business readiness: Central Bank Chairman

There is no liquidity shortage in Armenia, but the question remains about whether businesses meet investor requirements, according to Central Bank Chairman Martin Galstyan.

Central Bank of Armenia has identified a key principle for regulating crypto assets based on risks

The Central Bank of Armenia adheres to the "same risk, same regulation" principle when regulating digital and virtual assets, Central Bank Deputy Chairman Hovhannes Khachatryan stated on Friday at the 4Future Banking forum in Yerevan.

Demand and potential economic problems: head of the Central Bank of Armenia named the reason for the rate hike and the conditions for its...

The decision of the Board of the Central Bank of Armenia to raise the refinancing rate was primarily due to excessive demand factors, Central Bank Governor Martin Galstyan stated in response to a question from ARKA news agency.

IDBank, Visa, and Wizz Air Launch New Travel Privileges in Armenia

IDBank is the first in the CIS and Southeastern Europe to introduce the new Visa Wizz Air Platinum co-branded travel card.

LATEST NEWS

spot_imgspot_imgspot_img