Armenia’s gross reserves stabilized at USD 4.3 billion in September, equivalent to 3.4 months of import cover

YEREVAN, November 25. /ARKA/. In October, the AMD/USD exchange rate remained stable on average compared to the previous month, according to the World Bank’s Armenia Monthly Economic Update – November 2025.

. Compared to the same month last year, the AMD appreciated 1.2 percent (yoy) against the USD in October, while depreciating against the EUR and RUB 5.5 percent (yoy) and 17.7 percent (yoy), respectively.

In September, the Real Effective Exchange Rate (REER) fell 1 percent (yoy). Gross reserves stabilized at USD 4.3 billion, equivalent to 3.4 months of import cover.

According to the Central Bank, Armenia’s gross international reserves as of September 2025 amounted to $4,277.4 million, compared to $4,227.1 million in August, an increase of 1.19% over the month.-0-

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