GROSS EXTERNAL ASSETS OF ARMENIA’S CENTRAL BANK DECREASED BY $235,000
DURING SECOND QUARTER OF 2004

YEREVAN, AUGUST 9. ARMINFO. Gross external assets of the Central Bank
of Armenia decreased by $235,000 during the second quarter of the
current year – from $489.908 mln to $489.673 mln. ARMINFO was informed
in the press service of the Central bank of Armenia, in the structure
of gross external assets the international reserves decreased from
$489.872 mln to $489.638 mln. SDR in IMF during the second quarter
increased by 2.8 mln SDR ($4.0 mln), totaling 12.076 mln SDR or
$17.707 mln.

The net external assets decreased by $9.3 mln in the second quarter
and reached $248.512 mln, from which the share of freely convertible
currency was $248.509 mln.

It should be noted that by Jan 1, 2004 gross external assets totaled
$510.155 mln, including international reserves – $510.121 mln. The
amount of SDR in IMF was $18.762 mln (12.672 mln SDR). Net external
assets totaled $272.443 mln, from which the share of freely
convertible currency was $272.440 mln.