Uzbekistan’s international reserves expand by $1.5bn in March

Uzbekistan’s international reserves expand by $1.5bn in March
/ bne IntelliNews
By Muzaffar Ismailov in Tashkent April 10, 2023

Uzbekistan's international reserves amounted to $35.4bn as of April 1, after increasing by $1.47bn during March, according to the central bank. 

The FX reserves were almost unchanged at $10.11bn, up $42.8mn m/m.

The holdings of gold in the reserves rose by $1.41bn, despite a reduction of 300,000 troy ounces (9.3 tonnes) in physical volume. As of April 1, the reserves included 382.57 tonnes (12.3mn troy ounces) of gold. The value of the precious metal in the vaults has reached $24.25bn, the highest figure since the regulator began publishing the gold statistics in 2018.

In March, gold price quotations on the world market exceeded $2,000 per troy ounce for the first time since April 18, 2022. In February, the gold price fell as low as $1,842 per troy ounce.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan’s key rate held at 14% as central bank points to fears over reacceleration of inflation

Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more

Uzbekistan can expect GDP growth of 5.2% this year and 5.4% next, says IMF

The International Monetary Fund (IMF) projects real GDP growth of 5.2% this year and 5.4% in 2025 for Uzbekistan in its newly released ... more

Tashkent Stock Exchange reports decline in 1Q24 trading volume

Tashkent Stock Exchange (TSE) has released its results for 1Q24, revealing a significant decrease in trading volume y/y. The results report, compiled by the TSE and Avesta Investment Group, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    5 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss