Wed, 3 September
28.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s gross international reserves grow 6.9% to $1 821.8 million in September 2016

YEREVAN, October 21. /ARKA/. Armenia’s gross international reserves totaled $1 821.8 million in September 2016 showing a 6.9% month-on-month growth, according to the central bank’s preliminary report.

External assets in freely convertible currencies amounted to $1 821.3 million, and SDR in the International Monetary Fund to $0.4 million.

Remarkable is that this is the first time after the first half of 2014 the country’s reserves grow to $1 800 million.

In 2014, Armenia’s gross international reserves shrank 33.8% or by $762.3 million to $1 489.3 million amid devaluation of Armenian dram. The reserves continued dwindling also in 2015. ($1 – AMD 475.3). –0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

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