Friday, July 7 2017 12:40

ArmInfo. Gross international reserves of Armenia in January-May 2017  decreased by 10.1% - to $ 1.982 billion. In the annual section this  indicator increased by 29.4%.  According to the Central Bank of  Armenia, in the structure of reserves, $ 1.975 billion is external  assets in hard currency, which increased by 29.9% year-on-year, but  only by 10.3% in January-May. The share of the SDR in the IMF was $  7.8 million, having decreased by 33.9% in the annual breakdown, but  in January-May this year. A sharp increase of 2.2 times.

On a monthly basis, after the January decline in gross international  reserves by 6.2%, in February, the rate slowed down to 2%, with a  slight increase of 0.5% in March, followed by a 5.5% decline in April  with a yield of May by 2.2% growth. In their structure, the SDR's  share in the IMF sank during the first quarter from $ 1 million to $  0.1 million, jumped sharply in April to $ 9.7 million, then decreased  in May by 20.1%.

As a comparison, we note that in January-May 2016 gross international  reserves decreased by 13.7%. In their structure, external assets in  hard currency sank by 14.2%, while the share of SDR in the IMF  increased 4.1 times. The annual dynamics at that time (May 2016 to  May 2015) looked as follows: gross international reserves decreased  by 4.2%, external assets in hard currency - by 4.7.1%, and the share  of SDR in the IMF increased by 3.2% times.

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%. Before that, 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 Armenia's gross international reserves was  nullified in December 2003.