BAKU, Azerbaijan, May 26. The National Bank of Kyrgyzstan has started selling gold bars at the country's stock exchange, Trend reports.
According to the financial regulator, the National Bank has started selling refined gold bars at the Kyrgyz Stock Exchange in order to enhance the development of the precious metals market in Kyrgyzstan, including ensuring the supply of raw materials to the jewelry industry and expanding operations with precious metals.
These bars are produced by Kyrgyzaltyn (Kyrgyz Gold) company. Their weight varies from 10,900 to 13,400 grams.
Earlier in November 2022, President of Kyrgyzstan Sadyr Japarov said that the country produced 37,800 tons of gold in the incomplete year 2022, which is the first time when Kyrgyzstan could produce such a large amount of gold.
In Kyrgyzstan, 14 enterprises are developing nine gold deposits: Kumtor, Makmal, Solton-Sary, Djeruy, Terekkan, Ishtamberdy, Djamgyr, Karakazyk, and Taldy-Bulak Levoberezhny.
Gold mining from placers is carried out at the following deposits: Sulu-Tegerek, Karatube Buzuk, Baymak, Ishtamberdy, Chanach in Jalal-Abad region, Kumbelsu and Kyndy in Naryn region, Tokoyluu and Karabulak in Chuy region.