ArmInfo. Armenia's gross international reserves (GIR) increased by 19.3% or $658.8 million annually, reaching to $4.070 billion by August 2025, while a year ago a decline of 17.3% or $715 million was recorded. The GIR is now approaching its historical maximum of $4.2 billion, recorded in August 2023, as evidenced by data from the Central Bank of the Republic of Armenia. The majority of these reserves, $4.046 billion, are in external assets in convertible currency, with the remaining $23.5 million in SDR from the IMF.
According to the regulator's report, in annual terms (July 2025 to July 2024), external assets in convertible currency increased by 19%, and the share of SDR in the IMF tripled, while a year earlier both indicators were in decline - by 16.6% and 83.1%, respectively.
For the first 7 months of 2025, GMR increased by 10.5% or $385.4 million (compared to a decline of 5.3% or $191.1 million for 7 months of 2024). This was driven by an almost equivalent growth in external assets in convertible currency by 9.9%, along with a significant 12-fold increase in the share of SDR in the IMF. A year earlier, over the 7 months of 2024, the dynamics of the GMR components were multidirectional: a 5.5% decline in external assets in hard currency was accompanied by a substantial 16-fold increase in the share of SDR in the IMF.
In July 2025, GMR's growth slowed from 4% to 0.5%, with an absolute increase of $22.2 million. Moreover, the growth of external assets in hard currency decreased in July from 4.4% to 0.01%, while the dynamics of the share of SDR in the IMF went from a 91.3% decline to a significant 14-fold increase. A year earlier, in July 2024, there was also a slowdown in the growth of GMR from 4.2% to 1.7% (or by $56.7 million), supported by a similar slowdown in the growth of external assets in foreign currency from 4.6% to 1.8%. The trend of the SDR share in the IMF shifted from a 58.3% decline to a 1.2% growth during the same period.
