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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Kyrgyzstan holds $1bln gold and currency reserves

Posted on 29 October 2008

From Eng.24.kg: Kyrgyzstan is holding a $1 billion gold and foreign currency reserve, Abdybaly tegin Suerkul, deputy chairman of the Kyrgyz National Bank said during the session of parliament committee on energy, budget and finance on Tuesday, October 28, 2008.

“Today the Kyrgyzstan’s reserves make $1.2 billion, which is about 40 billion KGS according to the current exchange rates. One third of this amount is kept in Euro, about 29-30 percent is kept in U.S. dollars and another 40 percent are kept in various currencies and precious metals….. Full Article: Source


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