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-
