Central Bank of Armenia: Armenia`s international reserves increased by 24.1% to $ 2.174 billion as of December 1.

ArmInfo. Gross international reserves of Armenia fell by 1.3% in January-November 2017 to $ 2.174 billion. In the annual section (November 2017 by November 2016), this indicator increased by 24.1%.

According to the Central Bank of Armenia, in the structure of reserves, $ 2.163 billion is external assets in hard currency, which increased by 23.8% year-on-year, but only by 1.7% in January-November. The share of the SDR in the IMF was $ 11.8 million, having jumped 2.2 times in the annual section, and only 3.4 times in January-November 2017. In particular, after a sharp increase in the SDR's share in the IMF by 2.8 times by April, in May-June there followed a moderate decline with a sharp sagging in July and a continuation of this trend until the end of October. However, the November sharp jump in 13 times ensured the upward dynamics of the share of SDR in the IMF, both in the annual section, and for 11 months in 2017.

It is noteworthy that after the deceleration of the decreasing dynamics of gross international reserves from 6.9% in the first quarter to 1.8% in the II quarter, in the third quarter the growth of this indicator was followed by 3.9%, followed by the growth of foreign assets in hard currency by 4.2% with a decline in the share of SDR in the IMF by 87.7%.

As a comparison, we note that in January-November 2016 gross international reserves also decreased by 1.3%. In their structure, external assets in hard currency sank by 1.4%, while the share of SDR in the IMF increased by 86.2%. The annual dynamics at that time (November 2016 to November 2015) looked as follows: gross international reserves increased by 13.1%, with almost the same growth in external assets in hard currency - by 13.4% and a decline in the share of SDR in the IMF by 44, 3%.

Recall that in 2016, Armenia's gross international reserves increased by 24.2% to $ 2.204.1 billion, due to a similar increase in foreign assets in hard currency - up to $ 2.200.6 billion. The SDR's  share in the IMF was $ 3.5 million, year on 21,8%. Prior to this, in 2015, gross international reserves increased by 19.2%, due to an increase in external assets in hard currency by 19.5%, with the share of SDR in the IMF decreasing by more than 2 times. It should be noted that the share of bank gold in the gross international reserves of Armenia was zeroed back in December 2003.