Supplements to Central Bank of Armenia Board Resolution No. 207L on International Reserves Management

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On Making Supplements to the Republic of Armenia Central Bank Board Resolution No. 207L of November 18, 2025

2026-04-07

THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA

BOARD RESOLUTION

07.04.2026 No. 81L

On Making Supplements to the Republic of Armenia Central Bank Board Resolution No. 207L of November 18, 2025

Aiming to achieve increased efficiency, transparency and compliance with international best practices in the management of international reserves of the Republic of Armenia,; In view of Article 20(1) (“e”) and (“jd”) and Article 52 of the Republic of Armenia Law “On the Central Bank of the Republic of Armenia”; Pursuant to Article 33(3) and Article 34 of the Republic of Armenia Law “On Normative Legal Acts”,

the Board of the Central Bank of the Republic of Armenia

Decides:

1. to Make the following supplements to the Republic of Armenia Central Bank Board Resolution No. 207L of November 18, 2025 “On Approval of the Republic of Armenia International Reserves Management Investment Policy Statement” (hereinafter referred to as the “Resolution”):
   1. Supplement the Resolution with a new Clause 1.1, with the following content:
      “1.1. Approve the list of information to be published on the international reserves of the Republic of Armenia, in accordance with Appendix 2.”;
   2. Supplement the Resolution with a new Appendix 2, in accordance with the Appendix to this resolution;
   3. Supplement the Clause 66 approved under the Resolution with a new sentence, with the following content:
      “The information specified in Appendix 2 to this Resolution shall be published on the last business day of the quarter following the end of the reporting period, with an accuracy of 2 digits after the comma.”.
2. This resolution to enter into force in the manner prescribed by the law.

• Appendix

Martin Galstyan Governor of the Central Bank of the Republic of Armenia

Yerevan

.

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Sheet2

Table 1.
Indicators on management of international reserves of the Republic of Armenia (end of period, mln USD)
Indicator		31/12/2025
Total volume of international reserves 1		5076.390417920319
Currency composition of international reserves 2	USD	3804.09
	EUR	1184.23
	Other currencies 3	88.07
Breakdown of international reserves by asset class 4	Cash and cash equivalents	2881.85
	Money market instruments	105.58
	Other debt instruments	2088.65
	Financial derivatives	0.31
	Precious metals	0
Breakdown of international reserves by management type 5	Internally managed	4802.36
	Externally managed	274.03
Breakdown of international reserves by portfolio 6	Operational portfolio	2747.23
	Policy portfolio	2329.16
	Investment Portfolio	0
Breakdown of international reserves by credit rating (%) 7	AAA	0.2707
	AA	0.5526
	A	0.1767
Income from management of international reserves of RA 8		148.65
1 as defined in the Charpter 1 of the Investment Policy Statement of international reserves of RA (IPS)
2 as defined in the article 23 of the IPS
3 the total volume of currencies that comprise less than 1% of international reserves of RA
4 as defined in the article 24 of the IPS
5 as defined in the article 10.4 of the IPS
6 as defined in the article 26.1 of the IPS
7 as defined in the articles 34-37 of the IPS
8 cummulative income received from the beginning of the year, without FX revaluation gain/loss