Armenia’s gross international currency reserves slash by 5%

31.05.2011 18:58
Armenia’s gross international currency reserves slash by 5%

YEREVAN, May 31. / ARKA /. Armenia’s gross international currency reserves slashed by 5% (or $93.7 million) in April from the beginning of the year, to $1.765.3 billion, the Central Bank of Armenia reported.

It said assets in convertible currency fell by 4.8% from 2010 December (or by $87.5 million) to $1.738 billion as of late April 2011. Armenia’s special drawing rights (SDR) at IMF dropped to $27.3 million from $33.5 million in late December 2010. -0-

Structure of Armenia’s international reserves

($ mln.)

Name Dec.

2010

 Jan.

2011

 Feb. 2011 March

2011

 April 2011
Gross international reserves 1,859.0 1,817 1,789.9 1,823.4 1,765.3
Gold о 0 0 0 0 0
SDR at IMF 33.5 34.0 31.3 31.5 27.3
Reserve position at IMF 0 0 0 0 0
Assets in convertible currency 1,825.5 1,783.1 1,758.6 1,791.7 1,738.0

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