Monday, September 11 2017 20:16
Karine Melikyan

Central Bank of Armenia: Armenia`s international reserves declined by 1.3% in January-August 2017, with annual growth of 27.8% to $ 2.176 billion.

ArmInfo. The gross international reserves of Armenia in January-August 2017 decreased by 1.3% to $ 2.176 billion. In the annual context (August 2017, by August 2016), this indicator increased by 27.8%.

According to the Central Bank of Armenia, in the structure of reserves $ 2.175 billion is external assets in hard currency, which increased by 27.7% year-on-year, but only by 1.1% in January-August. The SDR's share in the IMF was $ 0.9 million, jumping 2.3-fold year-on-year, but only in January-August this year.  declining by 72.8%, with the sharpest decline occurring in July-August, with a return to the January level.

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 second quarter, in July-August, the growth of this indicator was 7.9% followed by an increase in foreign assets in hard currency by 8.3 % with a decline in the share of SDR in the IMF by 87%.

As a comparison, we note that in January-August 2016 gross international reserves decreased by 4%. In their structure, foreign assets in hard currency sank by 3.9%, while the share of SDR in the IMF decreased by 85.9%. The annual dynamics at that time (August 2016 to August 2015) looked as follows: gross international reserves increased by 3.5%, with a similar increase in external assets in hard currency and a decline in the share of SDR in the IMF by 1.5%.

To recall, 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 the growth of external assets in hard currency by 19.5%, with the share of SDR in the IMF decreasing by more than 2 times. To note, the share of bank gold in Armenia's gross international reserves was nullified in December 2003.

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10 billion

Volume of T-bills for placement

200 million

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200 million

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200 million

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 5.8314%

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03.02.2020

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