Armenia`s international reserves $4.047bln by July 2025

ArmInfo. Armenia's gross international reserves (GIR) increased by 21% per annum or $693.2 million to $4.047 billion by July 2025, while a year ago a decline of 14.2% or $555 million was recorded. Thus, GIR began to approach the historical maximum of $4.2 billion, recorded in August 2023. This is  evidenced by data from the Central Bank of the Republic of Armenia.

Of these, the lion's share - $4.045 billion - falls on external  assets in foreign currency, and the share of SDR in the IMF amounted  to $1.7 million. According to the regulator's report, in annual terms  (June 2025 to June 2024), external assets in foreign currency  increased by 21%, and the share of SDR in the IMF decreased by 77.3%,  while a year earlier both indicators were in decline - by 14.2% and  13.4%, respectively.

In the first half of 2025, GMR increased by 10% or by $363.2 million  (against a decline of 7% or by $247.7 million in the first half of  2024). This was provoked by a similar growth in external assets in  foreign currency by 10%, in parallel with which there was a decline  in the share of SDR in the IMF by 12.1%. A year earlier, in the first  half of 2024, the dynamics of the GMR components were also  multidirectional, but then external assets in foreign currency were  in decline (7.1%), while the share of SDR in the IMF demonstrated  significant growth (by 15.4 times).

For the second quarter of 2025, the dynamics of GMR remained in  growth with a slowdown in rates from 6.6% to 3.1%, i.e. in absolute  terms, this indicator increased by $121.3 million after growing by  $241.9 million in the first quarter. This was accompanied by the same  slowdown in the growth of external assets in foreign currency from  6.6% to 3.1%, with a reversal of the trend in the share of SDR in the  IMF in the opposite direction - from a 15.2% decline towards 3.6%  growth. A year earlier, in the second quarter of 2024, an improvement  in the dynamics of the GMR was recorded from an 8.3% decline to a  1.5% growth, due to the same reversal of the trend of external assets  in foreign currency from an 8.5% decline towards a 1.5% growth with a  deterioration in the trend of the share of SDR in the IMF from an  18-fold growth to a 19.1% decline.

Moreover, in June 2025 alone, the GMR went from a 0.5% decline to a  4% growth, increasing in absolute terms by $150.8 million. Moreover,  external assets in hard currency accelerated in growth from 0.5% in  May to 4.4% in June. At the same time, the share of SDR in the IMF  lingered in decline with an acceleration in rates from 66.6% in May  to 91.3% in June.

A year earlier, in June 2024, there was an acceleration in the growth  of GMR from 0.9% to 4.2% (or by $136.3 million), supported by a  similar acceleration in the growth of external assets in hard  currency from 0.7% to 4.6%, with a deterioration in the trend of the  share of SDR in the IMF from 94.4% growth to 58.3% decline.

That in June 2025, the IMF Executive Board, following the fifth SBA  review, approved opening up a stand- by facility for Armenia in the  amount of almost $26.1 million (SDR 18.4 million), bringing the total  amount of access to about $156.9 million (SDR 110.4 million) since  the Stand-By Arrangement (SBA) was in effect. Prior to this, in  mid-December 2024, the IMF Executive Board, following the fourth SBA  review, approved opening up a stand-by facility for Armenia in the  amount of SDR 18.4 million (about $24.12 million), bringing the total  amount of access to SDR 92 million (about $120.59 million). The  International Monetary Fund approved this three-year precautionary  Stand-By Arrangement (SBA) facility for Armenia in the amount of SDR  128.8 million on December 13, 2022, making available SDR 18.4 million  immediately, with the remainder to be disbursed following final  reviews of six semi-annual periods.