In 2023, the Central Bank of Kazakhstan emerged as the largest seller of gold, disposing of around 50 tons of this precious metal. This is evidenced by data published by the World Gold Council (WGC).
Uzbekistan's gold sales volume in 2023 reached $8.2 billion, doubling the previous year's figure, demonstrating significant growth compared to previous years.
China showed leadership in gold acquisitions in 2023, purchasing 230 tons.
Following were Poland, Singapore, Libya, and the Czech Republic.
December witnessed an increase in gold and currency reserves of global central banks by 28 tons, confirming the continued trend of acquiring precious metals.
Turkey, as the main buyer, added 18 tons of gold to its reserves.
Leading countries in gold reserves – ranking
Demand for gold from central banks remained high throughout the year, with a total purchase volume of 1037.4 tons, slightly less than the record level of 1081.9 tons in 2022.
In the last quarter of 2023, central banks acquired 229 tons of gold. Turkey became the largest buyer. Ankara also significantly increased its reserves.
China, Poland, the Czech Republic, and Qatar actively increased their gold holdings, while reductions were noted in Kazakhstan, Uzbekistan, Jordan, and Singapore.
The U.S. remains the global leader in the volume of gold reserves. Countries with the largest gold reserves also include Germany, Italy, France, and Russia.
In the second tier of leaders in gold reserves are Turkey, Taiwan, Portugal, and other countries, including Uzbekistan and Poland.
CentralasianLIGHT.org
February 8, 2024