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Seda Hergnyan

Armenia's International Reserves Dip 3.6%

Armenia’s Central Bank reports that as of the end of April 2016, the country’s gross international reserves amounted to US$1.568 billion, a drop of $58.2 (3.6%) million from the previous month.

There is no gold in Armenia’s international reserves.

Such reserves are basically used to service the country’s national debt, which stands at US$5.252 billion.

85% of this is foreign debt and the remainder domestic.