YEREVAN, November 25. /ARKA/. The total capital of the Central Bank of Armenia was minus AMD 24.7 billion in late September 2014 against minus 11.3 billion in December 2013, the regulator’s press office reports.
Its authorized capital amounted to AMD 100 million, as before, and general reserve remained unchanged as well – AMD 17.4 billion.
Accumulated asset re-estimation reserves for sale totaled AMD 1024.4 million in late September 2014 against AMD 997 million in late December 2013.
The losses accumulated on the capital account totaled AMD 17.4 billion against AMD 158 billion in 2013.
The central bank’s added capital mounted to AMD 128.2 billion, as in 2013.
Under the Law on the Central Bank of the Republic of Armenia, if the financial year’s losses on the regulator’s balance exceed the aggregate reserves, the Armenian government provides interest-free demand government bills in an amount equal to the lost sum to the central bank within 30 days after the latter releases the balance.
Redemption of these bills is made upon the central bank’s demand from the government budget. ($1 – AMD 435).–0—
