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–
