DUSHANBE, January 26, 2016, Asia-Plus — This year, the National Bank of Tajikistan (NBT) and the Ministry of Finance (MoF) plan to buy the whole gold produced in the country, the NBT head Jamshed Nourmahmadzoda announced at a news conference in Dushanbe today.
“This year, the country’s gold reserves will increase by 40 percent and total gold and currency reserves will increase by 28 percent,” Tajik central bank head noted.
Nourmahmadzoda, however, refrained from giving details of the country’s gold and currency reserves.
We will recall that the NBT head told reporters on July 21 last year that Tajikistan’s gold and currency reserves rose 10.4 percent in a year to June 30, 2015, reaching 2.8 billion somoni (equivalent to approximately 450 million U.S. dollars).
Nourmahmadzoda noted that time that the foreign currency reserves make up 15 percent of the country’s gold and currency reserves and the precious metal reserves make up 85 percent of the country’s gold and currency reserves.
As far as the gold production is concerned, Tajikistan reportedly produced nearly 2,300 kilograms of gold in the first half of last year.
