Kyrgyzstan halts gold exports for 4th consecutive month
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Kyrgyzstan suspended gold exports for the fourth consecutive month in June, extending a ban first imposed in March. The move aims to support domestic reserves amid global price volatility.
Export Ban Extension
The Kyrgyz government extended the gold export ban through June, marking the fourth consecutive month of restrictions. The decision, announced by the Ministry of Economy, covers all gold exports except those for state reserves. The ban was initially imposed in March to stabilize domestic gold supplies.
Global Price Impact
Gold prices have fluctuated between $1,900 and $2,050 per ounce since March, according to the London Bullion Market Association. Kyrgyzstan, which produced 25.4 tonnes of gold in 2025, primarily from the Kumtor mine, has seen export revenues decline by 40% year-on-year. The ban affects shipments to Switzerland and the UAE, the main buyers.
What's Next
The government is set to review the ban in July, with a decision expected by month-end. It remains unclear whether the restrictions will be lifted or extended further, as domestic reserves remain under pressure.
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Kyrgyzstan halts gold exports for 4th consecutive month
