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Armenia CB's Gross External Assets $1,585.2mln Late In Q3

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  • Armenia CB's Gross External Assets $1,585.2mln Late In Q3

    ARMENIA CB'S GROSS EXTERNAL ASSETS $1,585.2MLN LATE IN Q3

    ARKA
    Nov 24, 2008

    YEREVAN, November 24. /ARKA/. In the 3rd quarter of 2008, the gross
    external assets of the Central Bank of Armenia (CBA) increased by
    $5.7mln or 0.36% and amounted to $1,585,247,530.34.

    The CBA press service reports that the international reserves (gross
    external assets in terms of hard currency) totaled $1,585,246,836.83 -
    an increase of $5.7mln.

    Special Drawing Rights (SDR) in the International Monetary Fund (IMF)
    amounted to 8,988,019.40 or $13,996,345.76 - a quarterly decrease of
    $578,071.78 or 3.97%, with a zero reserve position in the IMF.

    Armenia's net external assets totaled $1,398,220,071.69 - an increase
    of 1.08%. Hard currency assets constituted a major part of this amount
    - $1,398,219,378.18.

    Early in the 3rd quarter, the CBA's gross external assets had
    totaled $1,579,571,643.27, with international reserves totaling
    $1,579,570,941.11.

    Special Drawing Rights (SDR) in the IMF totaled 8,921,569.40
    or $14,574,417.54. Armenia's net external assets amounted
    to $1,383,273,318.68, with hard currency assets amounting to
    $1,383,272,616.52.

    From: Emil Lazarian | Ararat NewsPress
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