ARMENIA’S GROSS INTERNATIONAL RESERVES HIT $1.3 BILLION AUG.1
RIA Novosti
14:10 | 13/ 09/ 2007
Russia
Business
YEREVAN, September 13 (RIA Novosti) – Armenia’s gross international
reserves have risen 18.5% since early 2007 to $1.27 billion as of
August 1, the country’s Central Bank said.
The country’s convertible currency assets reached $1.264 billion
and special drawing rights (SDR) amounted to $6 million, with zero
gold reserves.
Under the republic’s monetary management policy for 2007 the Central
Bank’s gross international reserves, excluding privatization earnings,
should reach $1 billion in late 2007.