GOLD EXPORTS FROM ARMENIA UP 48% IN 2011
Interfax
Feb 21 2012
Russia
Gold exports from Armenia in 2011 increased by 48% to 2,399 kilograms
(including galvanized dust), the country’s Customs Service said in
a report.
The customs value for the gold exported increased to $67.3 million
last year from $28.6 million for 2010.
Armenia’s Economic Ministry told Interfax that the high rates of
export growth have been driven by rising world prices for the metal.
Total imports of gold to Armenia in 2011 came to 1,520 kilograms
worth $78.3 million compared to 1,505 kilograms worth $60 million in
the previous year.
Armenia exports gold dore with up to 92% gold content. Banking gold
is not produced in the country.
From: Baghdasarian
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