Minister of Finance of the Republic of Azerbaijan Samir Sharifov made a business visit to the Islamic Republic of Pakistan, the United Arab Emirates (UAE) and India on February 19-21***As of January 1st, 2018, the external public debt of the Republic of Azerbaijan constituted 9,398.3 million US dollars (equivalent 15,978.1 million manat). The Debt to the Gross Domestic Product ratio stands at 22.8 percent (based on 2017 GDP of AZN 70,135.1 mln)******

Another batch of gold commodity received

Another batch of gold commodity received

28.07.2017

After the purification of gold commodity produced in Gedebey gold ore deposit in Geneva, Switzerland, the next batch of gold ingots in amount of 11,655.2 troy ounces (362.6 kilograms), which is the profit share of the Government of Azerbaijan, was received by the State Service for Control on Precious Metals and Stones of the Ministry of Finance of the Republic of Azerbaijan and placed in the Central Bank of the Republic of Azerbaijan on July 27, 2017.
Before that, 999.9 standard gold ingots produced in the same ore deposit in amount of 49,158.6 troy ounces (1,529.1 kilograms), which is the profit share of the Government of Azerbaijan, were placed in the storage of the Central Bank.
Generally, the total amount of gold that have so far been placed in the storage of the Central Bank as the profit share of the Government of Azerbaijan was raised to 60,813.8 troy ounces (1,891.7 kilograms). The current market price of the gold is $75.8 million.