GROSS FOREIGN ASSETS OF ARMENIA INCREASE BY 118 MILLION DOLLARS IN THIRD QUARTER OF 2007

Noyan Tapan
Dec 5, 2007

YEREVAN, DECEMBER 5, NOYAN TAPAN. The gross foreign assets of the
Republic of Armenia made 1 bln 333 mln 986.7 thousand USD at the end
of the third quarter of 2007 – against 1 bln 216 mln 27.4 thousand
USD at the beginning of the same quarter.

According to data of the Central Bank of Armenia (CBA), the
international rseerves of these assets (gross foreign assets in hard
currency) made over 1 bln 333 mln 985.9 thousand USD at the end of
the third quarter of 2007 – against over 1 bln 216 mln 26.6 thousand
USD at the beginning of the quarter. Out of this amount, the sum
in the International Monetary Fund (IMF) made 2 mln 320.7 thousand
SDR and 3 mln 612.5 thousand USD at the end of the third quarter –
against 3 mln 973.6 thousand SDR and 6 mln 22.4 thousand USD at the
beginning of the quarter.

The net foreign assets of the RA made over 1 bln 145 mln 110.9 thousand
USD at the end of the third quarter of 2007, including over 1 bln
145 mln 110.2 thousand USD in hard currency. The same indices at the
beginning of the same quarter made over 1 bln 34 mln 740.8 thousand
USD and about 1 bln 34 mln 740.1 thousand USD respectively.