Monday, September 26 2011 15:07

Gross international reserves of Armenia down 2.3% over Q2 2011


ArmInfo. Armenia's gross external reserves fell 2.3% for Q2 2011 to $1782.035 mln. Such decline was observed also in Q1 2011, Armenian Central Bank press-service told ArmInfo. In the structure of gross external assets, international reserves (gross external assets in hard currency) were down from $1, 823.442 million to $1,782.034 million over the period under review. Special drawing rights (SDR) at IMF almost halved: from $31.5 million (19.874 million SDR) to $16.4 million (10.257 million SDR).

Net external assets were down 3.3% for Q2 2011 and made up 1,065.464 millions versus 5.5% decline in Q1.

The share of bank gold in gross international reserves was zeroed out in December 2003.
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