Monday, October 12 2020 14:53
Karine Melikyan

Armenia`s gross international reserves increased by 1.5% per annum by  October 2020

Armenia`s gross international reserves increased by 1.5% per annum by  October 2020

ArmInfo.Armenia's gross international reserves (GIR) increased in September 2020 compared to September 2019 by 1.5% or by $ 35.7 million (against 12% growth in  the previous year), amounting to $ 2.443 billion.

Foreign assets in  hard currency dominate in the GIR structure - $ 2.405 bln., and the  SDR share in the IMF accounts for $ 38.1 million. According to the  report of the Central Bank of Armenia, foreign assets in hard  currency reversed the y-o-y dynamics from 12.1% growth to a 0.1%  decline, and the SDR share in the IMF jumped to 55-fold with the exit  from last year's 58.4% decline.

In September 2020 alone, the GIR went into decline by 8.1% (or $  215.5 million) from the August 1.5% growth. This was accompanied by a  reversal of the trend of foreign assets in hard currency towards an  8.2% decline from 1.6% growth in August, and a delay in the decline  in the share of SDR in the IMF from 3% to 4.2%. A year earlier, in  September 2019, the GIR trend was upward (4.8%), due to a similar  increase in foreign assets in hard currency (4.8%) with a noticeable  66.4% decline in the share of SDR in the IMF.

In January-September 2020, Armenia's gross international reserves  decreased by 14.3% or $ 406.6 million (against growth by 6.6% a year  earlier). In their structure, foreign assets in hard currency  decreased by 15.4% (against 6.8% growth a year earlier), and the  share of SDR in the IMF jumped 6.2-fold (against 88.6% decline a year  earlier).

In the Q3 of 2020, the GIR of Armenia reversed the trend towards a  downward 7.7% (or $ 205.1 million) from an ascending 2.6% in the II  quarter, while a year earlier in the Q3 there was an acceleration of  growth from 3.1 to 8. 4%. In the structure of GIR, foreign assets in  hard currency decreased in Q3 by 7.4% (against 9% growth a year  earlier), and the share of SDR in the IMF decreased by 25.4% (against  a decline of 94.1% a year earlier).  Moreover, in monthly terms, the  decline in the GIR was recorded in January-April, in June-July and  September, in particular, the largest decline was recorded in January  (by 6.3%), followed by an increase in May (by 8.5%), but in June, the  decline resumed with a slowdown in July, followed by growth in  August, but in September the decline began again. And the share of  SDR in the IMF decreased monthly during the first quarter, frozen at  the same level in April, then jumped sharply in May, but in June  again outlining a drawdown with a continued downtrend in  July-September.  To recall, in 2019, the gross international reserves  of Armenia increased by 25.7%, with an increase in foreign assets in  hard currency by 25.8% and the share of SDR in the IMF by 3%. In the  Q4 of 2019, gross international reserves increased by 18%, with an  increase in foreign assets in hard currency by 17.7% and a jump in  the share of SDR in the IMF 9-fold. During 2019, an upward trend in  the GIR was observed in February-March, June, August-October and  December, similar to the periods of growth of foreign assets in hard  currency, and the share of SDR in the IMF jumped only in May and  October.  It should be noted that the share of bank gold in the gross  international reserves of Armenia was zeroed back in December 2003. 


News


Exchange rates
30.11.2020
RUB6.65-0.05
USD506.40-1.81
EUR606.820.88
GBP674.68-4.14
CAD390.29-0.73
JPY48.67-0.19
CNY76.98-0.31
CHF560.670.16



Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000