In July alone, they declined reportedly by over US $ 50 million.
The paper claims that the reserves decreased from 1.598 million to $1.546 million from June 1 until July 1. The lowest level - $1,246 million – was recorded in February, says the paper , adding that the foreign currency later obtained from the Eurobonds’ release went to the reserves.
“Armenia thus increased its foreign debt, meantime also adding funds to its international reserves. Our foreign debt keeps increasing now, with the reserves simultaneously continuing to shrink,” the paper comments.
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