Monday, February 24 2014 19:24

In 2013 gross foreign liabilities of Central Bank of Armenia dropped by 12%


ArmInfo. In 2013 the gross foreign liabilities of the Central Bank of Armenia (CBA) dropped by 12% to $644.7 mln by 1 Jan 2014. The CBA reports that in Q4 2013 the CBA's foreign liabilities fell by 7%.

The source says that the decline in the gross foreign liabilities was due to reduction of IMF loans by 21.4% to $365.1 mln. In Q4 2013 this index dropped by 12%. The share of IMF loans in the CBA's foreign liabilities made up 56.6%.

The share of SDR in the CBA's gross foreign liabilities made up 21%, or $135.5 mln (0.2% rise versus 2012, 0.4% rise in Q4 2013). Other loans made up 22.3% or $143.9 mln (up 9.2% versus 2012, up 2% in Q4 2013). The share of other liabilities in the CBA's gross foreign liabilities remained tiny - $0.2 mln (down 33.3% versus 2012, down 60% in Q4 2013).
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