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Armenia’s gross international reserves as of late August increase by $6.6 million to $1. 725.8 billion

YEREVAN, September 29. / ARKA /. Armenia’s gross international reserves as of late August increased by $6.6 million or 0.4 percent from the previous month to $1. 725.8 billion, according to a Central Bank of Armenia statement.

It said the bulk of the reserves – $1.668.9 billion- were in convertible currency. The Central Bank also said Armenia’s SDR at IMF dropped to $56.9 million as of late August from $59.6 million in the beginning of the month. ($1- 405.05 drams). -0-

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Insurance market of Armenia is in embryonic state

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