Sat, 26 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s Central Bank assets in first quarter drop by 84.4 billion drams or 7.7%

YEREVAN, May 21. /ARKA/. Armenia’s Central Bank has said its total assets in the first quarter of 2012 slashed by 84.4 billion drams or 7.7%, to 1.017.5 trillion drams. According to its balance sheet, its foreign exchange assets contracted by 7.2% in dram equivalent to about 743.8 billion drams. They  accounted for 73.1% of its total assets, up from 72.7% at the beginning of the year.
Commercial banks and financial institutions’ commitments to the Central Bank contracted by 38.7% to 144.9 billion drams. Central Bank’s  foreign exchange assets placed in the IMF, amounted to 77 billion drams against 76.5 billion drams at the beginning of the year.

According to the Central Bank data, the amount of foreign currency assets earmarked for sale stood unchanged at 1.6 million drams as its total investments in financial instruments, calculated in real value, amounted to 334.9 billion drams against 344.7 billion drams at the beginning of the year.

The volume of foreign currency cash amounted to about 5.1 billion drams, up from 5 billion at the beginning of the year. Other assets of the Central Bank in foreign currency totaled at the end of March about 850.7 million drams, a decrease of 30.7%. Assets in  drams dropped to about 273.7 billion drams from 300.7 billion drams at the beginning of the year. According to the balance sheet data, the volume of credit investments and reverse repurchase agreements by the end of March amounted to 98.5 billion drams, falling by 24.6%.

Its investments in dram assets set for sale amounted to about 122.6 billion drams against 121.5 billion drams at the beginning of the year. The volume of fixed and intangible assets amounted to 44.6 billion drams. Other assets of the Central Bank in drams decreased from 6.3 billion to 5.4 billion drams. $1 – 397.89 drams).  -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img