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Armenian Central Bank’s assets reduce 3.1% to AMD 379.2 billion in 2014

YEREVAN, April 22. /ARKA/. Assets of the Central Bank of Armenia totaled AMD 379.2 billion in late December 2014 after shrinking 3.1% or by AMD 43.5 billion over one year, the press office of the regulator reports.

Assets in foreign currencies made up about 56.2% of the central bank’s total assets in late December 2014 against 68.3% in late December 2013 and amounted to about AMD 775.2 billion after contracting by AMD 197.3 billion or 20.3% over one year.

The assets placed in banks and other financial establishments in foreign currencies reduced by 20% to AMD 238.3 billion.

Assets in the International Monetary Fund amounted to AMD 66.3 billion in late December 2014 against AMD 58.2 billion in late December 2013.

According to the report, the central bank’s foreign currency assets for sale totaled AMD 2.7 billion against AMD 1.6 billion and assets in foreign currencies kept until expiration of repayment deadline exceeded AMD 94.1 billion in late December 2014 showing a 20.4% year-on-year contraction.

Cash in foreign currencies amounted to AMD 18.2 billion in late December 2014 after reducing 3.3 times since the beginning of that year.

The regulator’s other assets in foreign currencies totaled about AMD 240.4 million against AMD 124.9 million.

Assets in drams exceeded AMD 604 billion showing about 34.2% year-on-year growth.

The central bank’s investments in dram assets for sale amounted to AMD 127 billion (11.8% growth). General assets in drams totaled to AMD 78.2 billion (0.8% growth) and invisible assets amounted to AMD 1.8 billion (1.2% growth). Other assets in drams grew 11.2% to AMD 10.2 bilion. ($1 – AMD 473.96). –0–

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