The National Bank of the Kyrgyz Republic reported that Chairman Almaz Baketaev joined Cabinet of Ministers Chairman Adylbek Kasymaliev on a working visit to Kyrgyzaltyn JSC to review the company’s operations and strategic plans, including its production and retail sale of standard gold bars. Kyrgyzaltyn presented investment projects worth more than USD 1bn aimed at modernising the sector and increasing state revenues. The delegation visited the refinery and laboratory covering the full production cycle of gold granules and standard bars, as well as the company’s branded retail outlet for gold bars. The standard-bar plant, launched in August 2024, recouped its KGS 320m investment in under a year, while the store’s annual income exceeded KGS 855m, which the company linked to strong public demand for gold as an investment instrument. The National Bank framed the engagement as supporting cooperation with the gold sector in managing the country’s international reserves.
National Bank of the Kyrgyz Republic 2026-04-09
National Bank of the Kyrgyz Republic chair reviews Kyrgyzaltyn’s USD 1bn-plus investment projects and gold bar production
The National Bank of the Kyrgyz Republic reported that Chairman Almaz Baketaev joined a government delegation to Kyrgyzaltyn JSC to review its operations and strategic plans, including production and retail sale of standard gold bars. Kyrgyzaltyn outlined investment projects exceeding USD 1bn and reported that its standard-bar plant, launched in August 2024, recouped its KGS 320m investment in under a year, with its retail outlet generating annual income above KGS 855m amid strong public demand for gold. The National Bank framed the visit as supporting cooperation with the gold sector in managing the country’s international reserves.