YEREVAN, June 2, /ARKA/. Armenia’s Central Bank said its aggregate assets slashed by 3.1 billion Drams (0.3%) in the first quarter of 2010 to 1.027.5 trillion Drams. Some 80% of assets were funds in foreign currency, which rose from 79.2% from the beginning of the year. The 0.8% growth denominated in Drams was equal to 6.2 billion Drams. Overall the Central Bank’s assets in forex were worth 822.3 billion Drams. Forex assets at the International Monetary Fund (IMF) rose to 103.3 billion Drams from 101.6 billion at the beginning of the year. The volume of forex assets set aside for sale did not change staying at 917,000 Drams.

At the end of quarter 1, 2010 the volume of Central Bank’s investments in financial instruments dropped to 399.1 billion Drams from 459.2 billion Drams at the beginning of the year. The amount of cash resources in foreign currency rose to 8.2 billion Drams from 7,8 billion Drams from the end of 2009. Other assets of the Central Bank in foreign exchange grew by 25.6% to 837 million Drams. Assets in Drams dropped to 205.1 billion Drams from 214.4 Drams.

The volume of credit investments in reverse REPO dropped by 10.3 billion Drams to 60.5 billion Drams. Investments in Dram assets available for sale dropped to 121 billion Drams from 121.2 billion Drams. The volume of fixed and non-material assets totaled 16.7 billion Drams. Other assets of the Central Bank grew from 2.45 billion Drams to 2.54 billion Drams. ($1 – 377.97 Drams). -0-