Armenia’s forex reserves grew by 19 percent in 2015 to $1.775.3 billion

YEREVAN, April 22. /ARKA/. At the end of 2015 Armenia’s gross forex reserves stood at about $1.775.3 billion, up 19.2% from $1.489.4 billion at the beginning of the year, the press service of the Central Bank of Armenia said today.

Armenia’s special drawing rights (SDR) at the IMF at the end of the reporting period stood at approximately $2.8 million, down from $6.2 million.

In 2014 Armenia’s gross forex reserves slashed by 33.8% or $762.3 million to $1. 489.3 billion. They continued to fall in 2015 as well. Thus, forex reserves  in February 2015 fell to $1.260.9 billion. -0-

spot_img

POPULAR

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

A banking STOP button has been launched in Armenia: the Central Bank has explained which transactions can be blocked

Since July 1, 2026, financial institutions in Armenia providing remote services have implemented the "STOP" mechanism, allowing customers to independently restrict individual transactions or completely block remote financial services.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

LATEST NEWS

spot_imgspot_imgspot_img