Tuesday, October 31 2017 14:10
Karine Melikyan

CBA: Armenia`s international reserves accelerated annual growth rates by October 1, 2017, from 12.1% to 14.9%

ArmInfo. Gross international reserves of Armenia accelerated the annual growth rates by October 1, 2017, from 12.1% to 14.9%, amounting to $ 2.093 billion. Moreover, quarterly downward dynamics from 6.9% in the I quarter slowed to 1.8% in II quarter, with an output in the III quarter to an ascending 3.8%. As a result, the trend of international reserves in January-September 2017 was in a 5% decline, versus 2.6% growth a year earlier in the same period.  According to the Central Bank of the Republic of Armenia, in the structure of reserves $ 2.092 billion is external assets in hard currency, which increased by 14.9% year-on-year, but in January-September they sagged by 4.9%, but only in the third quarter showed growth by 3% 1%. The SDR's share in the IMF was $ 0.9 million, jumping 2.3-fold year-on-year, but in January-September this year. this indicator fell sharply by 72.9%, and only in the III quarter - by 87.1%.

For a comparison, we note that in January-September 2016, gross international reserves increased by 2.6%. In their structure, external assets in hard currency increased by 2.8%, while the share of SDR in the IMF decreased by 85.9%.

The annual dynamics at that time (September 2016 by September 2015) looked like this: gross international reserves increased by 12.1%, and external assets in hard currency increased as much, and the share of SDR in  the IMF declined by only 1.1%. Only in the III quarter of 2016, the growth of gross international reserves by 16.2% was accompanied by an increase in foreign assets in hard currency by 16.6%, with the share of the SDR in the IMF falling by 92.9%.

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 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. It should be noted that the share of bank gold in the gross international reserves of Armenia was zeroed back in December 2003.

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