Azerbaijan’s gold reserves to double by year-end
BAKU – Azerbaijan’s gold reserves are expected to increase by 100 kg to reach 200 kg by the end of 2010, Finance Minister Samir Sharifov said.
Stocks of the precious metal are accumulated after refining domestically produced gold in Switzerland.
The price of an ounce of gold has risen 17 percent this year and currently sells for $1,308 in world markets.
Azerbaijan’s strategic gold and currency reserves stood at $26 billion in August.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!