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Armenia CB’S gross external assets $1,585.2mln late in q3

25.11.2008, 16:47
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.

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. P.T. –0--