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.

Related Articles

Swiss prosecutor says Uzbekistan’s disgraced Karimova ran criminal organisation known as ‘The Office’ in vast conspiracy of telecoms bribe-taking

Switzerland's federal prosecutor on September 28 filed an indictment against Gulnara Karimova, the disgraced daughter of Uzbekistan's former president Islam Karimov, accusing her of taking bribes and ... more

Uzbek defence minister announces strengthening of military cooperation with US

Uzbekistan’s Defence Minister Bahodir Kurbanov on September 26 discussed the strengthening of Uzbek-US military cooperation with the visiting head of United States Central Command (Centcom), ... more

Chinese EV maker BYD to build plant in Uzbekistan’s Jizzakh region

Chinese electric vehicle (EV) producer BYD is to build a plant in Uzbekistan’s Jizzakh region. The investment commitment was announced on September 26, when Uzbek President Shavkat ... more