Tue, 1 July
14.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

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

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img