At a meeting of the committee of the Jogorku Kenesh on finance, budget, entrepreneurship, and competition development, deputy Dastan Jumabekov raised the issue of the impact of fluctuations in gold prices on international markets on the activities of the National Bank.
In response to this question, the deputy chairman of the NBKR, Melis Attokurov, noted that global changes in gold prices do not affect the operations of the National Bank.
“We apply our own mechanisms, so price fluctuations do not affect our work,” he emphasized.
Deputy Umbetaly Kydyraliev also inquired about the income of the NBKR from gold sales.
As Attokurov reported, the income from gold sales accounts for approximately 20%–25% of the total volume.
“Gold sales occur in accordance with the fixing of global exchanges,” he added.
