YEREVAN. – As of May, 2012, the international reserves of Armenia totaled to $1.67 billion, the report of Armenia’s Central Bank states.
Compared to January 2012, the international reserves reduced by $ 150 million. It is possible that this is a consequence of interventions in the financial market which are being made to prevent the sharp depreciation of the Armenian dram. $ 1.53 billion or 80 percent of the reserves are presented in the form of securities.
Compared to January, an increase of approximately $ 120 million was observed in the portfolio.