International reserves of Armenia dropped by 8.4% to 1.626 bln USD in Q1 2016

In year-over-year terms, gross international reserves grew by 9%, including foreign assets in freely convertible currency-by 8% and share of SDR in IMF-9.4-fold. To note for comparison that in Q1 2015 gross international reserves of Armenia grew by 0.1%, including foreign assets in freely convertible currency by 1.8% amid drop of the share of SDR in IMF 9.4-fold. 

 

To note, Armenia's gross international reserves grew by 19,2% to $1.775 bln in 2015. In the structure of reserves foreign assets in freely convertible currency totaled $1.175 bln growing by 27.6% y-o-y. The share of SDR in IMF totaled $2.9 mln dropping by 53.2% over year. In 2014 gross international reserves of Armenia declined by 33.9% to $1.489 bln, foreign assets dropped by 42.7% to $ 920.9 mln while the share of SDR in IMF grew 3.3-fold to $6.2 mln. 

 

To note, the share of bank gold in Armenia's gross international reserves was zeroed in Dec 2003.