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Armenian central bank confirms that external forex reserves stand at unprecedented level

16.12.2019 17:47

Armenian central bank confirms that external forex reserves stand at unprecedented level

YEREVAN, December 16. /ARKA/. Armenia's Central Bank downplayed today a story, headlined “Armenia’s international reserves are no longer unprecedented: what happened a few days after a (Facebook) post by Nikol Pashinyan,” which was placed on www.168.am website, saying the story lacks any professional justification.

"The level of Armenia's external forex reserves is really unprecedented, and the decrease mentioned in the story is normal being of seasonal nature. As previously said, it is incorrect to make judgments about the level of forex reserves based on monthly changes, because the changes should be considered in dynamics for a longer period," the Central Bank said in a statement forwarded to ARKA news agency.

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