Sun, 12 October
19.1 C
Yerevan
USD: 382.68 RUB: 4.71 EUR: 442.80 GEL: 141.21 GBP: 507.66

Armenia’s foreign exchange reserves fell to $1.546 billion by June 30

YEREVAN, July 9. / ARKA /. Armenia’s foreign exchange reserves fell to $1.546 billion by June 30 from $1.599 billion a month earlier (3.3% decline), the Central Bank said on Wednesday.

According to the regulator, the drop comes after a three-month rise from March to May when forex reserves rose form $.1491.6 billion to $1.598.7 billion.

In 2014 Armenia’s international gross reserves slashed by 33.8% or $762.3 million to $1.489.3 billion against the background of the devaluation of the Armenian dram. The drop continued into 2015. In February they fell $1.260.9 billion.

Foreign assets in freely convertible currency in June 2015 stood at $1.544.9 billion. According to the regulator, the Special Drawing Right (SDR) at the IMF at the end of the reporting period totaled $1 million. -0-

spot_img

POPULAR

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img