The value of Kyrgyzstan’s National Bank gold reserves has increased fourfold amid rising global precious metal prices.
In November 2023, when the global gold price was below $2,000 per troy ounce—specifically $1,984—the National Bank’s reserves were valued at 127.1 billion soms (approximately $10.59 million), Caliber.Az reports per foreign media.
Prices continued to rise, and by December 1, 2025, the reserves were estimated at 520.7 billion soms (approximately $43.40 million), with the global gold price around $4,300 per ounce. Since then, the metal’s price has risen by another $200.
The central bank has not disclosed changes to the physical volume of the gold reserves. Gold remains a key component of the National Bank’s international reserves and, together with foreign currency, supports the stability of the som.
As of today, 1 Kyrgyz som is approximately 0.0194 Azerbaijani manat.
By Jeyhun Aghazada
