Tajikistan’s state savings bank Amonatbonk has announced the start of sales of gold bars produced by the National Bank of Tajikistan (NBT).
The ad states that gold bars weighing 5, 10, 20, 50 and 100 grams are for sale.
Recall, the 5-, 10-, 20-, 50- and 100 gram gold bars produced by the National Bank of Tajikistan were released into free circulation in June 2017.
The gold bars are sold by the NBT Department of Monetary Circulation and Cash Operations.
According to data from Tajikistan’s financial regulator, the current price for the 5-gram gold bar is 3,453.04 somonis, 10-gram gold bar – 6,784.18 somonis, 20-gram gold bar – 13,432.20 somonis, 50-gram gold bar – 33,346.51 somonis, and 100-gram gold bar – 66,571.26 somonis.
The then-head of the NBT Jamshed Nourmahmadzoda told reporters in Dushanbe on February 5, 2020 that gold bars with a total weight of 100 kilograms are waiting for their customers in storage of Tajik central bank.
“By president’s order we have produced gold bars with a total weight of 100 kilograms and we are gradually selling them,” Nourmahmadzoda noted on February 5.
According to him, citizens of the country can buy the NBT-produced bars using their passports. “No other documents are required,” Nourmahmadzoda said.
Each citizen of Tajikistan can buy gold bars totally weighing one kilogram per year.
A gold bar, also called gold bullion or a gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping. Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.
Gold is measured in troy ounces, often simply referred to as ounces when the reference to gold is evident. One troy ounce is equivalent to 31.1034768 grams.
Some international experts consider that Russia-Ukraine war has pushed up global gold prices.
Current gold price per ounce is 1,873.80 U.S. dollars.
