DUSHANBE, December 21, Asia-Plus – Tajikistan with 1.6 tons of gold in its national reserves, which is 16.1 percent of its gold and foreign currency reserves, has been ranked 91st in the World Gold Council (WGC) report, Russian news agency Interfax said.
According to the global market research studies conducted by a WGC, as of December 1, 2007, the United States with 8,133.5 tons of gold has stood the first place globally in terms of national gold reserves, followed by Germany (3,417.5 tons of gold), France (2,622.3 tons), Italy (2,518.5 tons), Switzerland (1,116.3 tons), and Japan (765..2 tons).
Russia with 438.2 tons of gold has been ranked 11
th
, and Kazakhstan with 62.7 tons has been ranked 40th. Kyrgyzstan with 2.6 tons of gold has been ranked 85th.
In the meantime, Tajik central bank has refrained from giving details of Tajikistan’s gold and foreign currency reserves in 2007. We just will recall that speaking to journalists in 2005, Tajik central bank chairman said that that in 2005, the gold and foreign currency reserves held by Tajikistan”s central bank in 2005 remained unchanged from the previous year at $180 million
The World Gold Council, formed in 1987, is an association of the world”s leading gold producers dedicated to the promotion of gold. The World Gold Council is a non-profit association of the world”s leading gold producers, established to promote the use of gold. With headquarters in Geneva, the Council is represented by a network of offices in the major centers of gold demand around the world and its promotional activities cover markets representing some three quarters of the world”s annual consumption of gold. The nature of its work, much of which is in close partnership with the local gold trade and industry, varies according to the different needs and stages of development of the countries, and of the forms (jewelry, bars, coins, dentistry, etc.) in which gold is most commonly sold or held.
The Council”s programs and skilled staff help to improve gold products and distribution
systems,
and they provide specialist gold information and economics services to large holders of gold. Its primary focus in recent years has been on facilitating the removal of structural impediments to the free flow of gold, thereby encouraging its more widespread acquisition and retention.
The Council conducts both regional and global market research studies and publishesinformation on developments in gold demand, or major gold-related issues.
