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Seda Hergnyan

Eurobond Issuance Boosts Armenia's International Reserves

Armenia’s international reserves have increased by US$784 million (33%) since the end of January.

According to the latest data published by the Central Bank of Armenia (CBA), as of the end of February 2021, Armenia's international reserves amounted to $3.185 billion.  

The reserves were replenished with monies received from the issue of Eurobonds at the end of January.

On January 26, Armenia placed a $750 million Eurobond on the international market to fill the 2021 budget deficit.

In response to a Hetq inquiry, the CBA confirmed that the increase in Armenia's international reserves compared to the end of January 2021 is mainly due to the issuance of Eurobonds by the government.

At the end of 2020, Armenia's international reserves amounted to $2 .614 billion, a drop of $236 million (8.3%) compared to the end of 2019.

There is no gold in Armenia's international reserves.

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