Bank Of Baku

Azerbaijan’s gold reserves exceeds $22 mln

Azerbaijan’s gold reserves exceeds $22 mln
# 16 August 2011 12:21 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan’s current gold reserves are near 390 kg, Ministry of Finance told APA.

“Azerbaijani government gets the gold mainly within the contracts on production sharing. As of today, Azerbaijan’s profit share in Gadabay gold ore field makes 389.16 kg”, said the Ministry.

Ministry also noted that, the gold is saved in the Central Bank of Azerbaijan as a bar after becoming 999.9 hallmarks by refining.

Note that, Azerbaijan has produced 1,028 kg of gold during January-July, 2011, down 3.2% from 2010. As of August 1, the finished gold made 25 kg.
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