Economy

Armenia receives $100m from IMF as part of SDR allocation

YEREVAN, September 11. /ARKA/. Armenia received $100 million from the International Monetary Fun (IMF) as part of general allocation of Special Drawing Rights (SDR), IMF Resident Representative in Armenia Nienke Oomes told ARKA Agency.

On August 7, IMF Executive Board approved a general allocation of SDR for a total of 250 billion dollars to ensure liquidity in the global economic system through replenishment of foreign exchange reserves of the member states.

Funds are distributed between IMF-member states based on their quota holdings in the Fund. Armenia is to receive $100.6 million, Oomes said.

The Central Bank of Armenia received the amount at the end of August and can use it only for increasing its foreign exchange reserves, she said.

From the date of the general and special allocation the funds received by IMF member states under the new SDR allocations will be considered as part of their reserve assets.  Some members may decide to sell all or part of SDRs allocated to them to other members in exchange for hard currency.

Gross external assets of Armenian Central Bank grew by 46.1% pr $619.8 million to $1,963.1 million in the second quarter of this year. Substantial part of it - $1,963,073,016.09 - was international reserves (aggregate external assets in hard currency).  –0--

11/09/2009 21:28



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 15/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 394.48 1.86
Euro EUR 1 540.91 0.9
Russian Rоublе RUR 1 13.44 0.04

Favorable еxchange rates of banks 15/03/2010
Currency Buy Sell
USD 394
ArmBusinessBank
396
Ameriabank
Ardshininvestbank
Areximbank-Gazprombank Group
“ArmSwissBank”
Euro 540
“ArmSwissBank”
546
Ameriabank
RUR 13.35
BTA Bank
13.5
ACBA-CREDIT AGRICOLE BANK
Ameriabank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-12 85.6
GBP, billion AMD 2009-12 3165.5
inflation, % 2010-01 101.7
Budget deficit (proficit), bln AMD 2009-12 148.3
trade deficit, mln USD 2009-12 -2606.4
foreign trade turnover, mln USD 2009-12 4001.9
foreign trade turnover, % 2009-12 73
Gross External Reserves, mln. USD 2009-12 2003.41
Monetary base, billion AMD 2009-12 511.7
Money supply, billion AMD 2009-12 815

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-01 14.8
Legal entities in USD 2010-01 13.5
Individuals in AMD 2010-01 22
Individuals in USD 2010-01 17.6
Anual interests on deposits
Legal entities in AMD 2010-01 6.5
Legal entities in USD 2010-01 5.4
Individuals in AMD 2010-01 9.1
Individuals in USD 2010-01 5.3
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-01 8.8

The percents of the CBA
Indicator Term Figures
Banking rate 2010-03 13
Repo 2010-03 6.5
Credit 2010-03 9.5
Depo 2010-03 3.5



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