BAKU, Azerbaijan, May 13. The National Bank of Kyrgyzstan's gold reserves in 2021 amounted to $607 253, which is a decrease of 39.2 percent compared to the same period of 2020 ($1 million), Trend reports via financial report of the National Bank of Kyrgyzstan.
Kyrgyz gold is stored in foreign banks deposits and in gold bars that meet London Bullion Market Association’s gold delivery standards (LBMA), which set the stringent criteria to facilitate trade.
According to a bank statement, non-monetary gold reserves in 2021 totaled $428 706, which is an increase of 162 percent compared to 2020 ($163 547).
Non-monetary gold and gold bar reserves that do not fulfill LBMA requirements are not included in the Kyrgyz National Bank's active investment operations and are not considered gold investment assets.