YEREVAN, October 28. /ARKA/. Armenia’s gross international reserves meet all sufficiency criteria more than needed, the Central Bank of Armenia says in its ‘Adequacy of Armenia’s International Reserves’ study.

According to the central bank’s preliminary figures, the country’s gross reserves totaled $1 663 million in late September after shrinking 8.4% over the third quarter.

Import coverage indicator financed by international reserves made 4.2 months, the ratio of reserves to the short-term debt was 4.4, and the ratio of international reserves to money stock in drams was 0.8.

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Armenian banks have upped their 12-month inflation outlook from 4.7% to 5%, the Central Bank of Armenia said in its regular report on the monetary policy implementation in the second quarter and program for the third quarter

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