YEREVAN, April 22. / ARKA /. Armenia’s Central Bank said today its overall obligations stood at 1.348.3 trillion drams as of December 31, 2014, having slashed by 5.7 percent or 81.7 billion drams from the previous year.

Deposits and accounts in foreign currencies placed at the Central Bank by financial and other organizations were said to have slashed by 42.4 percent from 2013 to about 138.7 billion drams.

Other borrowings in foreign currency grew by 24.5 percent to more than 72.65 billion drams from 58.4 billion drams at the beginning of 2014. Other foreign currency liabilities grew by 82.2 percent to approximately 356.6 million drams.

As follows from the published balance sheet data, Central Bank’s liabilities in drams were worth 871 billion drams, a 0.7 percent rise from 2013. Liabilities in drams to the government decreased by 38.3 percent to over 116.8 billion drams.

Other liabilities in dram-denominated banknotes and coins in circulation decreased by 7.7 percent to about 412.3 billion drams.

Also accounts and deposits in the national currency placed at the Central Bank by financial and other institutions grew by 49.8 percent to 335.4 billion drams. Other liabilities of the Central Bank in drams grew by 3.2 percent to 2.4 billion drams. ($1 – 473.96 drams).–0—