Monday, September 9 2013 18:24

Gross foreign liabilities of Armenia's CB down 1% in Jan- July 2013


ArmInfo. In Jan- July 2013 the gross foreign liabilities of Armenia's Central Bank dropped by 1%, with the gross foreign assets having dropped by 2.8% to 2.4 as much as the liabilities.

As compared with Jan-July 2012 the liabilities and the assets dropped by 2.5% and 4.5%, respectively. In July 2013 alone the indices grew by 7.2% and 8.9%, respectively. As of Aug 1 2013 the gross foreign liabilities made up $724.8mln, with the gross foreign assets totaling $1.749bln.

The growth in the CB's gross foreign liabilities in July 2013 was due to a 10.6% growth in IMF loans to $451.6mln. In Jan-July 2013 the share of IMF loans shrank from 63.5% to 62.3%, the share of SDR from 18.5% to 18.4% to $133.2mln, the share of other loans grew from 18% to 19.3%.

The share of IMF SDR in the foreign assets grew by 25.5% as compared with Jan-July 2012 and twice in Jan-July 2013 and July 2013 to $74.4mln or 4.3%.

The share of freely convertible exchange dropped from 98.2% to 95.7% in Jan-July 2013, grew by 3.7% as compared with Jan-July 2012 and by 6.5% in July 2013 to $1.675bln.
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