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

Armenia’s international gross reserves surge by 18.1% in 2015 march to $1.491.5 billion

YEREVAN, April 9. / ARKA /. Armenia’s international gross reserves surged by 18.1% in 2015 March to $1.491.5 billion, according to a provisional Central Bank of Armenia report.

Foreign assets in convertible currency stood at $1.490.9 billion and the Special Drawing Rights (SDR) with the IMF were worth $0.7 million.

In 2014 Armenia’s gross international reserves slashed by 33.8% or $762.3 million to $1.489.3 billion. The reduction continued into 2015. In February they stood at $1.260.9 billion. ($ 475.55 drams). -0-

spot_img

POPULAR

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

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.

LATEST NEWS

spot_imgspot_imgspot_img