Kyrgyzstan’s annual need for gold is 5 tons.

This was announced at a press conference by the head of the Department of Fiscal Policy of the Ministry of Economy Kuban Aidaraliev.

According to him, the National Bank buys 2.5 tons a year; jewelers import another 2.5 tons.

“Having its gold reserves, Kyrgyzstan is forced to import pure gold. Our jewelers have to pay import taxes, which hinders the development of the industry. Therefore, we must stop the export of gold ore from Kyrgyzstan and maintain the internal gold supply,”said Kuban Aydaraliev.

The government makes a change to the Tax Code, which by 3 percent increases the tax rate on the export of gold ore and concentrate.

According to the Ministry of Economy of Kyrgyzstan, 20 tons of gold are mined in the country annually.

https://24.kg/ekonomika/102095_godovaya_potrebnost_kyirgyizstana_vzolote_sostavlyaet_5tonn_/