Armenia’s Foreign Gross Assets For 3rd Q 2006 Increase By 12.31%

ARMENIA’S FOREIGN GROSS ASSETS FOR 3RD Q 2006 INCREASE BY 12.31%

Arka News Agency, Armenia –
Nov 29 2006

YEREVAN, November 28. /ARKA/. Foreign gross assets of the Central
Bank of Armenia (CBA) for the third quarter 2006 increased by 12.31%
or by $98,968,439.79 and totaled $902,694,828.5.

The CBA press service reported that the international reserves of
this amount totaled $902,694,098.55, 12.31% increase in the period
under report.

At the same time, the SDR at the IMF totalled 14,799,004.5 or
$21,848,870.19, 76.25% or $9,452,225.07 increase for the a quarter
at the zero reserve position at the IMF. The net foreign assets of
Armenia totaled $625,090,616.72 at the end of the period under report,
10.03% increase in the period under report , $625,135,535.29 of them –
in the freely convertible currency.

Foreign gross assets of the CBA totaled $803,726,388.71 at the
beginning of the third quarter 2006. Of this amount international
reserves totaled $803,725,656.22. The SDR share at the IMF totaled
8,379,685.80 or $$12,396,645.12 at the zero reserve position at the
IMF. Net foreign assets of Armenia at the beginning of the period
under report totaled $568,100,381.51, $568,141,232.89 of them –
in freely convertible currency.