YEREVAN, February 27. /ARКА/. Armenia’s external forex reserves have amounted to the ‘unprecedented’ $2.85 billion, Prime Minister Nikol Pashinyan said at a government meeting on Thursday.
He said in 2019, the country’s forex reserves surged by 26.1% or approximately by $590 million.
“In fact, in late 2019 the forex reserves reached the unprecedented level of $2.85 billion, the highest ever level,” Pashinyan said.
Pashinyan added also that the total assets of the banks increased by 16.9% or 842 billion drams in 2019, the lending rose by 16.4% or 482 billion drams and the amount of deposits grew by 19.3% or 527 billion drams.
At the end of January 2020, the Central Bank bought $5 million in the first forex transaction this year. ($1 – 478.39 drams). –0–
