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

Euro and dollar exchange rates fall against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 15, 2026, decreased by 0.71 points compared to April 14, to 374.48 drams.

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

LATEST NEWS

spot_imgspot_imgspot_img