Armenia’s gross external reserves in December 2015 rose by 14.3% to $1.771.2 billion

29.01.2016 18:18
Armenia’s gross external reserves in December 2015 rose by 14.3% to $1.771.2 billion

YEREVAN, January 29. /ARKA/. Armenia’s gross external reserves in December 2015 amounted to $1.771.2 billion, a 14.3% rise from the previous month, the Central Bank said today.

It said the reserves in freely convertible currencies in December 2015 stood at $1.540 billion, a 15.5% increase from the previous month and the Special Drawing Right (SDR) at the IMF totaled $2.9 million.

In 2014 Armenia gross external reserves slashed by 33.8% or $762.3 million to $1.489.3 million on the wave of a dramatic decline in the cost of the national currency, the dram. The reduction continued into 2015. In February 2015 they dropped $1.260.9 billion -0-


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