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AMERIABANK OFFERS AN ALTERNATIVE TO DEPOSITS - STANDARD GOLD BARS
arminfo
Friday, October 21, 16:08
Ameriabank offers an alternative to deposits - standard gold bars,
Trade Operations Manager of Ameriabank Sergey Shevchenko said in an
interview to ArmInfo.
He said that the bars are produced in Central Europe, particularly,
in Switzerland. The bank sells 999.9 gold bars weighing 1 ounce,
10 grams, 20 grams, 50 grams, 100 grams and 1 kilogram.
The costs of the bars will depend on the USD rate and gold prices in
the world. For the moment 10 g cost 214,450 AMD, 20 g - 417,560 AMD,
1 ounce - 643,498 AMD, 50 g - 1.025mln AMD, 100 g - 2.022mln AMD,
1 kg - 20.009mln AMD.
Concerning the prospects of the "gold" market in Armenia, Shevchenko
said that since the country's securities market is not developed,
the local population is forced to look for alternatives and gold bars
are a good alternative to deposits.
Shevchenko said that the monthly gold bar turnover in Armenia is 100-
150 kg. The sale of gold bars is exempt from VAT.
Ameriabank also offers metals accounts for unallocated gold operations.
According to international stock exchanges, Oct 21 one troy ounce
cost $1,605-1,628 against $1,644 Oct 20.
The other Armenian banks using standard gold bars are INECOBANK,
Armswissbank, Converse Bank, Unibank, VTB Bank Armenia and Artsakhbank.
arminfo
Friday, October 21, 16:08
Ameriabank offers an alternative to deposits - standard gold bars,
Trade Operations Manager of Ameriabank Sergey Shevchenko said in an
interview to ArmInfo.
He said that the bars are produced in Central Europe, particularly,
in Switzerland. The bank sells 999.9 gold bars weighing 1 ounce,
10 grams, 20 grams, 50 grams, 100 grams and 1 kilogram.
The costs of the bars will depend on the USD rate and gold prices in
the world. For the moment 10 g cost 214,450 AMD, 20 g - 417,560 AMD,
1 ounce - 643,498 AMD, 50 g - 1.025mln AMD, 100 g - 2.022mln AMD,
1 kg - 20.009mln AMD.
Concerning the prospects of the "gold" market in Armenia, Shevchenko
said that since the country's securities market is not developed,
the local population is forced to look for alternatives and gold bars
are a good alternative to deposits.
Shevchenko said that the monthly gold bar turnover in Armenia is 100-
150 kg. The sale of gold bars is exempt from VAT.
Ameriabank also offers metals accounts for unallocated gold operations.
According to international stock exchanges, Oct 21 one troy ounce
cost $1,605-1,628 against $1,644 Oct 20.
The other Armenian banks using standard gold bars are INECOBANK,
Armswissbank, Converse Bank, Unibank, VTB Bank Armenia and Artsakhbank.