Market cost of reserves in state depository of precious metals and precious stones estimated at $3 million

YEREVAN, March 30. /ARKA/. The market cost of reserves in the Armenian State Depository of Precious Metals and Precious Stones of the Ministry of Finance on January 1, 2016 was estimated at 1.462 billion drams or $3 million, the local daily ‘Haykakan Zhamanak” (Armenian Time) says.

According to the newspaper, last year the depository received 661.3 grams of gold and 1,906.7 grams of silver.

The State Depository of Precious Metals and Precious Stones also calculates the value of precious metals and stones in the Armenian museums. Thus, as of January 1, 2016 the Armenian museums had 64.4 kg of gold, 1,477 kg of silver and 500 grams of platinum. -0-

spot_img

POPULAR

Moody’s Upgrades Unibank’s Rating Outlook to Positive and Affirms B1 Long-Term Deposit Ratings

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 20–26)

Armenia's financial agenda last week was determined by the banking sector's first-half results, changes in the money transfer sector, and exchange rate dynamics.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

Armenian banks’ loan portfolio exceeded AMD 8.56 trillion in the second quarter, representing a 23.56% year-on-year increase

The total loan portfolio of Armenian banks as of June 30, 2026, exceeded AMD 8.56 trillion, representing a 23.56% increase compared to June 30, 2025, and a 6.8% increase compared to March 31, 2026.

Euro jumped 3.71 points against the Armenian dram: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.43 points on July 30, 2026, compared to July 29, to 366.63 drams.

LATEST NEWS

spot_imgspot_imgspot_img