Friday, February 16 2018 16:24
Karine Melikyan

International reserves of Armenia in 2017 increased by 4.5%

International reserves of Armenia in 2017 increased by 4.5%

ArmInfo. Gross international reserves of Armenia for 2017 amounted to $ 2.314 billion. This is evidenced by the data of the Central Bank of Armenia. Of these, external assets in hard currency account for the lion's share of $ 2.307 billion, and the SDR's share in the IMF was $ 7.2 million. According to the regulator's report, for the year the value of the BMP increased by 4.5%, the external assets in hard currency increased by the same amount, and the share SDR in the past year jumped 1.6 times.

As a comparison, we note that gross international reserves for 2016 increased by 24.2%, in particular, external assets in hard currency - by 34.4%, and the share of SDR in the IMF - by 21.8%.

Only for the IV quarter of 2017 gross international reserves increased by 9.5% (with a similar increase in external assets in hard currency), and the share of SDR in the IMF - 8 times, versus growth of 22.2% and 9 times in Q4 2016 . In December 2017, gross international reserves increased by 4.5%, and in their structure, similar growth was observed in external assets in hard currency, with a decline in the share of SDR in the IMF by almost 40%. In the previous quarters, the dynamics was as follows: in the third quarter, international reserves increased by 3.8%, with almost the same growth in external assets in hard currency and the decline in the SDR share in the IMF by 87.9%; in the II quarter, the decline in international reserves slowed to 1.8% from 6.9% in the first quarter, with the SDR's share in the IMF sharply jumped 73-fold after a 97.1% decline in the I quarter.

The share of bank gold in Armenia's gross international reserves was nullified in December 2003.

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