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Armenia's gross external assets grow 46.1% to $1,963.1 in q2

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  • Armenia's gross external assets grow 46.1% to $1,963.1 in q2

    Armenia's gross external assets grow 46.1% to $1,963.1 in q2

    YEREVAN, August 28. /ARKA/. Gross external assets of the Central Bank
    of Armenia (CBA) grew by 46.1% or $619.8 million up to $1,963.1 million
    in the second quarter of this year.

    The CBA Press Service reported that international assets (aggregate
    external assets in hard currency) alone were $1,963,073,016.09, an
    increase of almost the same amount over the reporting period.

    SDR in the IMF amounted to $1,192,800, a reduction of 90% or
    $10,764,800 over the quarter with the reserve position in the IMF being
    zero.

    Net external assets totaled $1,514.5 million by the end of the
    reporting period, an increase of 63.6% over the reporting period.

    The bulk of this amount - $1,514,525,995.25 - was assets in hard
    currency.

    CBA's gross external assets were $1,406,823,234.13 in the beginning of
    2009, including international reserves amounting to $1,406,822,547.97.
    SDR in the IMF were 1,899,389 or $2,925,571.09. Net external assets of
    the Republic of Armenia were $1,230,837,462.53 in the beginning of the
    reporting period, including $1,230,836,776.37 in hard currency.
    ($1=376.09drams). N.V. `0--
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