BISHKEK, Kyrgyzstan, February 9. Gold reserves in the National Bank of Kyrgyzstan amounted to 21.57 tons as of the end of December 2023, Trend reports.
Data from the World Gold Council indicates that this figure increased by 31 percent compared to 16.39 tons in 2022. The value of the gold reserves amounted to $1.441 billion, which is a 50-percent increase compared to $955.850 million at the end of 2022.
The country’s Foreign Exchange (FX) reserves reached $1.806 billion as of December 31, 2023, which is a decrease of 2 percent compared to $1.843 billion in the corresponding date of 2022.
Kyrgyzstan’s total reserves, including gold, amounted to $3.247 billion as of the end of December 2023, which is a 16-percent increase compared to $2.799 billion in the corresponding period of 2022.
The World Gold Council serves as the market development organization for the gold industry, operating across various sectors including gold mining and investment. Its primary objective is to stimulate and maintain demand for gold.
The Council regularly publishes data on gold reserves, compiled using IMF IFS statistics, which monitors central banks' reported purchases and sales, as well as the proportion of gold within their international reserves.