Fri, 4 April
17.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Armenia’s hard currency reserves drop to $2.449.2 billion, central bank says

YEREVAN, November 24. /ARKA/. At the end of the third quarter of 2020, Armenia’s hard currency reserves stood at $2.449.2 billion, down from $2.648.2 billion at the beginning of the quarter, the Central Bank said in a report.

It said the bulk were external reserves – $2.449.1 million, including $38.054.8 million (SDR 27,041,423.00 SDR) at the IMF, down from $50.999 million (SDR 36,961,969.90) at the beginning of the quarter.

According to the Central Bank, net external reserves amounted to $1.841 billion, down from $2.049 billion at the beginning of the quarter. Of that amount, $1.841 billion were in free convertible currency. In 2019, Armenia’s external reserves increased by 26.1%, or by about $590 million, reaching the unprecedented $2.85 billion.  ($1 – 505.32 drams). –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img