Bank Of Baku

Finance minister Samir Sharifov: “Issue on establishment of gold stock in Azerbaijan is not on the agenda”

Finance minister Samir Sharifov: “Issue on establishment of gold stock in Azerbaijan is not on the agenda”
# 01 June 2011 07:19 (UTC +04:00)
As to the issue of possibility on establishment of gold stock in Azerbaijan, the minister said that this issue was not on the agenda and still no decision was passed on creation of the mentioned stock.

Note that, currently, volume of country’s gold reserves make $19 mln.

Remind that, gold extraction is carried out on the basis of agreement signed between Azerbaijani government and “R.V. Investment Group” on exploration, development and production sharing of perspective gold ore deposits in Gadabay, Gosha, Ordubad group, Soyudlu, Gizilbulag and Vejnali.
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