Armenia’s gross international reserves reduce 9.3% to $1 631.2 million in 1st Q 2013

YEREVAN, May 16. /ARKA/. Armenia’s gross international reserves totaled $1,631,218,357.35 by the end of the first quarter 2013 after shrinking 9.3% over the quarter.

According to the report available on the central bank’s official website, the bulk of the country’s assets – $1,631,217,920.70 – is held in convertible currencies.

Then country’s SDR in IMF amounted to $1.65 million in late March 2013 against $31.7 million in early January 2013. ($1- AMD 416.69 drams). –0—

spot_img

POPULAR

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

LATEST NEWS

spot_imgspot_imgspot_img