Armenia’s foreign exchange reserves fell to $1.546 billion by June 30

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Economy

09.07.2015, 17:33

Armenia's foreign exchange reserves fell to $1.546 billion by June 30 from $1.599 billion a month earlier (3.3% decline), the Central Bank said on Wednesday.

Armenia’s foreign exchange reserves fell to $1.546 billion by June 30

YEREVAN, July 9. / ARKA /. Armenia's foreign exchange reserves fell to $1.546 billion by June 30 from $1.599 billion a month earlier (3.3% decline), the Central Bank said on Wednesday.

According to the regulator, the drop comes after a three-month rise from March to May when forex reserves rose form $.1491.6 billion to $1.598.7 billion.

In 2014 Armenia’s international gross reserves slashed by 33.8% or $762.3 million to $1.489.3 billion against the background of the devaluation of the Armenian dram. The drop continued into 2015. In February they fell $1.260.9 billion.

Foreign assets in freely convertible currency in June 2015 stood at $1.544.9 billion. According to the regulator, the Special Drawing Right (SDR) at the IMF at the end of the reporting period totaled $1 million. -0-

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