Published
06/19/2025, 13:39Kyrgyzstan is a leader in gold reserves in the world. This was stated by MP Dastanbek Jumabekov at a meeting of the Jogorku Kenesh on June 19.
According to him, the National Bank of Kyrgyzstan has 52 tons of gold at its disposal, which is equivalent to $3.7 billion.
"This is more than the country's total budget. These funds could be used for strategic projects, such as the Kambar-Ata hydroelectric plant or the construction of a railroad, instead of borrowing from international donors. In addition, gold reserves are subject to risks due to possible price fluctuations," Dzhumabekov said.
In response, National Bank Governor Melis Turgunbayev explained that gold and foreign exchange reserves are not free funds, but a guarantor of the economy's stability and a tool to protect the som in case of external economic shocks.
"We closely monitor the situation in the financial markets and pursue a balanced monetary policy. If our analysis shows that it is necessary to sell gold, we will do it. All our actions are aimed at ensuring stability in the domestic financial market," he added.
