Kyrgyzstan To Sell 300 Kg Of Gold To Malaysia For US$36 Million

BISHKEK (Kyrgyzstan), June 30 (Bernama-Kabar) -- Kyrgyzaltyn OJSC has signed a Memorandum of Cooperation (MoC) and a contract for the sale and purchase of refined gold in the form of measured bars with Public Gold Marketing Sdn Bhd, the company reported.

According to the Kyrgyz National News Agency (Kabar), the MoC was signed as part of the official visit of President Sadyr Zhaparov to Malaysia from June 24–25.

Kyrgyzaltyn entered into an agreement with the Malaysian company Public Gold Group on the purchase and sale in 2025 of 300 kilograms (kg) of Kyrgyz gold in the form of 1 kg gold bars for a total of about US$36 million.

At the moment, 50 kg of gold bars out of 300 kg have already been sold for US$5.6 million.

As part of the MoC, Kyrgyzaltyn OJSC plans to study the experience of marketing solutions for the sale of gold bars by the above-mentioned Malaysian company, including the use of vending machines for contactless sale of gold.

The signing of these documents with the Malaysian side is a significant event for the development of trade between the Kyrgyz Republic and Malaysia, and also contributes to strengthening the position of Kyrgyzaltyn OJSC in the international market in the direction of the Association of Southeast Asian Nations (ASEAN).

-- BERNAMA-KABAR