Armenia’s Central Bank’s liabilities drop by 18 percent in quarter three to over 1.1 trillion drams

25.11.2014 17:45
Armenia’s Central Bank’s liabilities drop by 18 percent in quarter three to over 1.1 trillion drams

YEREVAN, November 25. / ARKA /. Armenia’s Central Bank said today its obligations stood at 1.166.6 trillion drams on September 30, having slashed by 18.2 percent or 259.5 billion drams from the beginning of the year.

According to the regulator’s balance sheet, its obligations in foreign currency have fallen by 25.4 percent to about 421.7 billion drams. The obligations to the government in foreign currency declined by about 2 times as of September 30 to 2.6 billion drams.

Deposits and accounts in foreign currencies placed at the Central Bank by financial and other organizations were said to have halved to about 126 billion drams. Other borrowings in foreign currency grew by 7.2 percent to more than 62.5 billion drams (from 58.4 billion drams at the beginning of the year). Other foreign currency liabilities declined by 0.2 percent to approximately 194.8 million drams.

As follows from the published balance sheet data, Central Bank’s liabilities in drams were worth 744.8 billion drams, a 13.5 percent decrease from the end of 2013. Liabilities in drams to the government decreased by 21.4 percent to more than 146.1 billion drams.

Other liabilities in dram-denominated banknotes and coins in circulation decreased by 6.7 percent to about 416.6 billion drams.

Also accounts and deposits in the national currency placed at the Central Bank by financial and other institutions decreased by 21.4 percent to 180.5 billion drams. Other liabilities of the Central Bank in drams fell by 13.5 percent to 1.5 billion drams. ($ 1 – 435.00 drams).-0-


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