Annual Report 2019
3,000
2,500
2,252
2,000
1,500
1,000
500
MANAGEMENT OF
INTERNATIONAL RESERVES
In
2019 gross international reserves of the Republic of
Armenia increased by around USD 590.3 million to nearly
USD 2,850 million at the end of the year (see Figure 11).
Figure 11:
International reserves of Armenia
(million US dollar)
2,314
2,259
2,204
1,775
1,490
2013
2014
2015
2016
2017
2018
2019
2,850
COOPERATION WITH I
NTERNATIONAL ORGANIZATIONS
INSTITUTIONAL
DEVELOPMENT
OTHER OBJECTIVES OF
THE BANK
The increase in reserves owed mainly to the loans and
borrowings equivalent to nearly USD 651 million received during the
year, and because about USD 566 million worth of foreign currency
was purchased in the domestic market, and commercial banks'
correspondent accounts with the Central Bank have grown by about
USD 268 million. At the same time, about USD 829 million-equivalent
principal and interest payments on public debt were made during the
year.
International reserves of the Republic of Armenia continued to
comply with main requirements to foreign currency reserves,
ANNUAL REPORT 2019
61
MAIN
CENTRAL BANK OF
OBJECTIVES
THE REPUBLIC OF ARMENIAView entire presentation