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CB Gross External Assets Decreased by $235,000 in Q2/04

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  • CB Gross External Assets Decreased by $235,000 in Q2/04

    GROSS EXTERNAL ASSETS OF ARMENIA'S CENTRAL BANK DECREASED BY $235,000
    DURING SECOND QUARTER OF 2004



    YEREVAN, AUGUST 9. ARMINFO. Gross external assets of the Central Bank
    of Armenia decreased by $235,000 during the second quarter of the
    current year - from $489.908 mln to $489.673 mln. ARMINFO was informed
    in the press service of the Central bank of Armenia, in the structure
    of gross external assets the international reserves decreased from
    $489.872 mln to $489.638 mln. SDR in IMF during the second quarter
    increased by 2.8 mln SDR ($4.0 mln), totaling 12.076 mln SDR or
    $17.707 mln.

    The net external assets decreased by $9.3 mln in the second quarter
    and reached $248.512 mln, from which the share of freely convertible
    currency was $248.509 mln.

    It should be noted that by Jan 1, 2004 gross external assets totaled
    $510.155 mln, including international reserves - $510.121 mln. The
    amount of SDR in IMF was $18.762 mln (12.672 mln SDR). Net external
    assets totaled $272.443 mln, from which the share of freely
    convertible currency was $272.440 mln.
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