Armenia’s international gross reserves drop by 4.6% to $1.9 billion

02.06.2010 17:23
Armenia’s international gross reserves drop by 4.6% to $1.9 billion

YEREVAN, June 2, /ARKA/. Armenia’s international gross reserves at the end of quarter one, 2010 dropped by 4.6% (or $92.4 million) from the beginning of the year to $1.911.3 billion, the country’s Central Bank reported.

It said funds in convertible currency dropped by 4.6% or $86.1 million to $1.792.92 billion. According to the Central Bank, Armenia’s SDR at the International Monetary Fund (IMF) at the end of Q1 2010 dropped to $118.34 million from $124.69 million at the beginning of the year.

Structure of Armenia’s international reserves for quarter one 2001

Name At the beginning of Q1 At the end of Q 1
Gross international reserves ($ mln.) 2003,7 1911,3
Gold 0 0
SDR at IMF 124,69 118,34
Reserve positions at IMF 0 0
Forex funds in convertible currency 1878,99 1792

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