Armenian government embarks on reformation of precious metals area

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Economy

16.12.2011, 02:53

Armenian government has made some changes to its prior decisions aimed at specifying its policy with regard to precious metals.

YEREVAN, December 15. /ARKA/. Armenian government has made some changes to its prior decisions aimed at specifying its policy with regard to precious metals.

Finance Minister Vache Gabrielyan, speaking Thursday at a regular meeting of the government, said that Pricing Information and Analysis Center is no longer entitled to set prices for goods, services and work for state needs – these powers are given to the finance ministry.

He said that implementation of the policy on precious stones, licensing, organization of qualification exams and control over entities involved in sale/purchase process would be assigned to the economy ministry.

Both ministries will also fulfill duties of already dissolved inspection for control over expert examination of metals.

Armenian finance ministry’s state depository of precious metals and stones sets prices for precious metals every week.-0--

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