Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Armenia’s gross international reserves rose to $2.2 billion in December 2016

YEREVAN, January 11. /ARKA/. Armenia’s gross international reserves rose to $2.2 billion in December 2016 from $1.75 billion in November, growing by 23.9%, the Central Bank said.

According to the Central Bank, in December alone Armenia’s gross international reserves increased by $447.9 million.

Armenia’s reserves in freely convertible currency amounted to $2.196.8 billion and its special drawing rights (SDR) at the IMF were worth $3.5 million.

Last time when Armenia’s international reserves stood at about $2 billion was in February 2014. In 2014, as the Armenian dram began to lose its value, the country’s international reserves slashed by 33.8% or $762.3 million to $1.489.3 billion. The reduction continued into 2015 as well. ($ 1 – 484.71 drams). -0-

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img