Armenia exports 19.5% more gold

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July 31, 2012, 10:50 a.m. | Russia and former Soviet Union — by Interfax-Ukraine

Armenian women walk under a National Flag as they take part in a march in Yerevan on June 15, 2011, celebrating the Day of the National Symbols of Armenia.

YEREVAN - Armenia increased gold exports (including plating) by 19.5% to 1,120.9 kg in the first half of 2012 from 938 kg in the same period of 2011, the country's Customs Service reported.

The customs value of exported gold rose to $35.1 million in the first half from $21.9 million a year earlier.

The Economics Ministry attributes the growth in sales to higher world prices for the metal.

Armenia imported 607.9 kg of gold worth $32.3 million in the first half, up from 591.3 kg worth $27 million a year earlier.

Armenia exports dore alloy with up to 92% gold content. The country does not produce pure gold bullion.

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