By the end of November, 2010, Armenia’s gross international reserves have totaled U.S. $1.8 billion. According to the CBA, bonds constitute the greater part of Armenia’s international reserves (U.S. $1.3 billion or 72%), the share of cash or deposits at foreign banks being U.S. $474 million.
Early in 2010, Armenia’s gross international reserves exceeded U.S. $2 billion.