Armenia’s gross international reserves in October 2015 decreased by 2.6% to $1.582.3 million

YEREVAN, November 30. /ARKA/. Armenia’s gross international reserves in October 2015 decreased by 2.6% from the previous month to $1.582.3 million, the Central Bank of Armenia said.

It said reserves in free convertible currency stood at $1.580 billion and the Special Drawing Right (SDR) at the IMF totalled at the end of the reporting period $2.8 million.

In 2014 Armenia’s gross international reserves slashed by 33.8% or $762.3 million to $1.489.3 billion. This continued into 2015 as well. For example, in February Armenia’s international reserves fell to $1.260.9 billion. -0-

spot_img

POPULAR

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

Ranking of the most profitable credit institutions in Armenia for the first quarter of 2026

YEREVAN, May 13. /ARKA/. ARKA news agency publishes a...

The Power of One Dram to ‘’Vahe Meliksetyan’’ Foundation

The April beneficiary of ‘’The Power of One Dram’’ initiative was the “Davitbek Games” Foundation.

EDB assessed the reasons for rising inflation in Armenia and maintenance of refinancing rate

Inflation in Armenia accelerated in April amid rising prices for food and non-food products, according to the Eurasian Development Bank's weekly macro review.

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img