Armenia’s International Gross Reserves Drop By 1.9% Or $35.6 Million In 2011 March From 2010 December

29.04.2011 21:22
Armenia’s International Gross Reserves Drop By 1.9% Or $35.6 Million In 2011 March From 2010 December

YEREVAN, April 29, /ARKA/. Armenia’s international gross reserves dropped by 1.9% or $35.6 million in 2011 March from 2010 December to a total of $1.823.4 billion, the Central Bank said in a statement posted on its official website.

It said the volume of convertible foreign exchange dropped by 1.8% or $33.8 million to $1.791.7 billion at the end of March compared with 2010 December.

It said also Armenia’s Special Drawing Right (SDR) at the International Monetary Fund fell to $31.5 million from $33.5 million in 2010 December. -0-

Structure of Armenia’s gross international reserves

($ mln.)

Name Dec

. 2010

 Jan.

2011

 Feb.

2011

 March

2011
International gross reserves 1,859.0 1,817 1,789.9 1,823.4
Gold 0 0 0 0
SDR at IMF 33.5 34.0 31.3 31.5
Reserve position at IMF 0 0 0 0
Foreign (convertible)exchange reserves 1,825.5 1,783.1 1,758.6 1,791.7

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