Monday, December 4 2023 17:56
Alina Hovhannisyan

Ministry of Finance intends to delegate powers of management of  precious metals to other government agencies 

Ministry of Finance intends to delegate powers of management of  precious metals to other government agencies 

ArmInfo. The Ministry of Finance intends to delegate the powers of management, accounting, storage, alienation, sale, purchase of precious metals and stones stored in state and national reserves to other government agencies, Armenia's Deputy Minister of Finance Eduard Hakobyan stated at a meeting of the Committee on Economic Affairs, RA Parliament. 

In particular, in order to more effectively manage precious metals  and stones, the Ministry of Finance will transfer processes related  to the state reserve to the Ministry of Territorial Administration  and Infrastructure, or rather to the State Property Management  Committee. And the Ministry of Finance finds it expedient to delegate  processes related to precious metals and stones stored in the  national reserve, which, as a rule, are exhibited in various museums,  to the Ministry of Education, Science, Culture and Sports.

All these processes, according to the deputy minister, will entail a  number of legislative changes. In particular, amendments will be made  to the RA Law on Precious Metals, on the structure of government and  on the management of state property.

The commission approved the proposed bill in the first reading.