Minister: no decision for selling precious metals from state depository

YEREVAN, January 29./ARKA/. On Wednesday, Armenian Finance Minister David Sargsyan, denying media reports that the government is selling precious metals and stones from the State Depository for Precious Metals, said that there was no such a decision.

On January 23, the government decided not to sell precious metals and precious stones from the state depository.

Sargsyan said that the government has never sold anything from the depository. He also said that 89 kilograms of gold are kept here now. Of them 14 kilograms are bank bullions, and the remaining gold is scrap gold that has been seized from criminals or smugglers.

Now the depository has precious metals and precious stones worth AMD 1.86 billion, of which AMD 1.24 billion scrap gold and the remaining amount is bank bullions. There are also 3,036 artificial stones, 102 kilograms of artificial pearls and other precious metals. ($1 – AMD 408.08). –0—

spot_img

POPULAR

Central Bank of Armenia is concerned about the outpacing growth of lending and urges banks to exercise caution

The Central Bank of Armenia considers it important for commercial banks to exercise caution when providing new loans amid the outpacing growth of lending compared to revenues, stated Central Bank Chairman Martin Galstyan.

Euro and dollar exchange rates against the Armenian dram continued to rise, while the ruble weakened again: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 1, 2026, increased by 0.17 points compared to May 29, reaching 368.35 drams.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 26, 2026, fell by 0.27 points compared to May 25, to 367.74 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 25-31) 

The week in Armenia's financial market was influenced by the Central Bank's signals on financial stability, credit risks, and banking sector profitability. Capital market development and client protection issues were also in focus.

Armenia to Receive €170.3 Million IBRD Loan for Economic Transformation

On Wednesday, the Armenian government approved a proposal to sign a €170.3 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity).

LATEST NEWS

spot_imgspot_imgspot_img