Uzbekistan's gold and foreign exchange reserves reach record levels

Local

−

20 May 2022 visibility21324

Gross international reserves of the Republic of Uzbekistan as of 1 May of the current year amounted to 35 billion, 900.8 million dollars. They have increased by $744.8 million compared to April. This was reported by the Central Bank.

The physical balance of gold in reserves totals 11.1 million troy ounces. Its financial value has increased from $20.8 billion to $21.3 billion.

International reserves include foreign exchange reserves, special borrowing rights, reserve position in the International Monetary Fund, and gold. Foreign currency mainly contains cash held in banks.

For reference, the gross international reserves of the Republic of Uzbekistan increased to $761.6 million, or 2.2% at the beginning of 2022. The price of gold rose from $1,799.25 at the beginning of the year to $1,915.45 forming the assets the value of $1.3 billion.

Author

Sunnatilla Abdullaev

News on the topic

Illegal gold miners were apprehended in Samarkand

20 February

Mirziyoyev congratulates the employees of gold and uranium enterprises

17 November 2023

Individuals selling bullion gold are caught in Bukhara

08 August 2023

Uzbekistan’s gold and currency reserves are decreasing

08 August 2023