YEREVAN, July 9. /ARKA/. International Investment Position of Armenia rose by 4% or $273.2 million to minus $6.982.3 billion in late March from the beginning of this year. According to the National Statistical service’s data on International Investment Position of Armenia, external assets dropped by $268.6 million or 5.5% to nearly $4.575.7 billion late March.
Liabilities within the reported period climbed by 0.4% or $4.56 million to $11.557.9 billion. Of them $5116 million were direct investments to domestic economy (growth by 1.4%), $18.71 million- portfolio investments ( rise by 5.2%), and $6423- other investments ( commercial credits, loans), down by 1%.
The International Investment Position (IIP) is a statistical report reflecting the financial assets and liabilities level of a country at beginning and end of a period. At the same time the report represents all the changes occurred due to financial transactions, prices, exchange rate and other adjustments in the reference period.
There are also other factors (price changes, exchange rate changes), which bring to changes in value of assets and liabilities over the period. These changes are also reflected in IIP. IIP reflects the stocks of foreign financial assets and liabilities of economy. -0-