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

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

Net inflow of remittances to Armenia from abroad increased approximately 2.7-fold in four months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $728.1 million in January-April 2026, compared to $273.4 million in January-April 2025, according to a report from the Central Bank.

Head of the Central Bank of Armenia sees no reason to panic over the depreciation of the dram

In the current situation in Armenia, there is no reason to panic over the depreciation of the dram, says Martin Galstyan, head of the Central Bank of Armenia.

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

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

LATEST NEWS

spot_imgspot_imgspot_img