Armenia’s gross international reserves grow 6.9% to $1 821.8 million in September 2016

21.10.2016 14:33
Armenia’s gross international reserves grow 6.9% to $1 821.8 million in September 2016

YEREVAN, October 21. /ARKA/. Armenia’s gross international reserves totaled $1 821.8 million in September 2016 showing a 6.9% month-on-month growth, according to the central bank’s preliminary report.

External assets in freely convertible currencies amounted to $1 821.3 million, and SDR in the International Monetary Fund to $0.4 million.

Remarkable is that this is the first time after the first half of 2014 the country’s reserves grow to $1 800 million.

In 2014, Armenia’s gross international reserves shrank 33.8% or by $762.3 million to $1 489.3 million amid devaluation of Armenian dram. The reserves continued dwindling also in 2015. ($1 – AMD 475.3). --0----


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