TODAY.AZ / Business

Azerbaijani government stores part of gold in Switzerland

01 March 2010 [12:06] - TODAY.AZ
Nearly 68 of 540 kilograms of gold extracted from country’s Gadabay deposit belongs to the Azerbaijani Government.
President of the International Mining Company Reza Vaziri said the government itself will decide on what income from the gold will be spent.

"We turn 75 percent of gold revenues into capital and share the remaining 25 percent with the government until costs are repaid. Azerbaijan stores 48 kg of gold in Switzerland. The Cabinet of Ministers will decide what to do with it next,” Vaziri said.

/ANS PRESS/
URL: http://www.today.az/news/business/62784.html

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