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Armenia's Gross International Reserves Hit $1.3 Billion Aug.1

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  • Armenia's Gross International Reserves Hit $1.3 Billion Aug.1

    ARMENIA'S GROSS INTERNATIONAL RESERVES HIT $1.3 BILLION AUG.1

    RIA Novosti
    14:10 | 13/ 09/ 2007
    Russia

    Business

    YEREVAN, September 13 (RIA Novosti) - Armenia's gross international
    reserves have risen 18.5% since early 2007 to $1.27 billion as of
    August 1, the country's Central Bank said.

    The country's convertible currency assets reached $1.264 billion
    and special drawing rights (SDR) amounted to $6 million, with zero
    gold reserves.

    Under the republic's monetary management policy for 2007 the Central
    Bank's gross international reserves, excluding privatization earnings,
    should reach $1 billion in late 2007.
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