Tajikistan has reportedly lost 65 percent of its gold reserves over the past three years

Asia-Plus

Goldmania.ru, citing the World Gold Council, notes that Tajikistan’s gold reserves decreased from 22.3 tons in 2019 to 8 tons in 2021. 

Monetary gold is gold held by a monetary authority principally as an element of its foreign exchange reserves (also sometimes called international reserves).  Gold bullion can take the form of coins, ingots, or bars with a purity of at least 995 parts per 1000, including such gold held in allocated gold accounts.

Meanwhile, gold reserves of three other Central Asian nations have increased over the reporting period: Kazakhstan’s gold reserves have reportedly increased by 40.3 tons – from 350.4 tons in 2019 to 390.7 tons in 2021; Kyrgyzstan’s gold reserves have reportedly increased by 6 tons over the reporting period — from 10.8 tons in 2019 to 16.80 tons in 2021; Uzbekistan’s gold reserves have reportedly increased by 4.6 tons over the two past years – from 336.9 tons in 2020 to 340.50 tons in 2021.    

Goldmania.ru has not provided information about gold reserves of Turkmenistan. 

It is to be noted that Tajikistan dramatically increased the sale of precious metals during the pandemic years.

Thus, according to official statistics, Tajikistan exported about US$690 million worth of precious metals in 2020, which was about 50 percent of the country’s exports.

Over the first eleven months of last year, Tajikistan reportedly exported almost US$710 million worth of precious metals, which was about 40 percent of the country’s exports.  

According to data from the Ministry of Industry and New Technologies (MoINT), gold production in Tajikistan increased more than 4 times during 2014-2019 – from 2 tons in 2014 to 8.1 tons in 2019.

No data available for 2020-2021.

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