Thursday, August 23 2012 18:28

Over Q2 2012 gross foreign liabilities of Central Bank of Armenia dropped by 3.1% to $745.6 mln


ArmInfo. Over Jan-June 2012 the gross foreign liabilities of the Central Bank of Armenia (CBA) were down 1.1% to $745.6 mln by 1 July 2012 (3.1% decline for Q2 2012). The CBA reports that the decline was due to the reduction of the IMF loans: over Jan-June 2012 - by 4.1%, over Q2 2012 - by 5% to $496.5 mln. In the structure of the CBA's foreign liabilities the share of IMF loans was 66.6%.

The source says that the share of SDR in the gross foreign liabilities of the CBA made up 17.9% or $133.6 mln (1.1% decline for Jan-June 2012, 2% decline for Q2 2012).

The share of other loans made up 15.4% (14.5% growth for Jan-June 2012, 4.2% growth for Q2 2012).

To recall, throughout 2011 continuing growth in the gross foreign liabilities of the CBA was fixed in Jan-Apr, as well as in July, August, October and December (mostly due to the IMF loans and other loans), while decline was registered in May, June, September and November. Over the first half of 2012, growth in the gross foreign liabilities of the CBA was fixed in January and February (mostly due to IMF loans and SDR).
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