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Armenia's Gross International Reserves Up

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  • Armenia's Gross International Reserves Up

    ARMENIA'S GROSS INTERNATIONAL RESERVES UP

    Tert.am
    13:11 03.10.11

    By the end of this August, Armenia's gross international reserves
    had amounted to around US $2,007.6m against US $865.8m at the end of
    last December.

    The Central Bank of Armenia (CBA) reports that, of the reserves in
    question (gross external reserves in terms of hard currency) special
    drawing rights at the International Monetary Fund (IMF) reached US
    $16m at the end of this August against US $33.5m last December. Hard
    currency reserves totaled US 1,991.5m against US $1,832.3m at the
    end of last December.

    During the period under review, Armenia had neither gold reserves
    nor a position at the IMF.


    From: Baghdasarian
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