WednesdayJanuary 28
  • USD 474.48
  • EUR 536.78
  • RUB 7.01

International reserves of Armenia reduce

00:43, 03.07.2012 Region: Armenia Theme: Economics

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.

Armenia News -

More in topic

Dollar continues to decline in Armenia

The stock exchange trading session closed at AMD 407.25/$1…

Dollar slightly down in Armenia

The stock exchange trading session closed at AMD 407.35/$1…

European Commission to invest €300 billion

To revive the European economy…

Dollar climbs in Armenia

But the euro lost ground in the country…

Armenia and Russia PMs confer on integration processes

“Our countries are very close allies”…

Ambassador: Carrefour to open doors to Armenian consumers this fall

Armenian-French business club held a meeting of the Board of Trustees...

Partner news