Uzbekistan's international reserves fall for fourth straight month

By Muzaffar Ismailov in Tashkent August 10, 2023

Uzbekistan's official international reserves as of August 1 amounted to $33.64bn, slightly down by $71.8mn since July 1, according to central bank data.

The reserves fell for the fourth straight month. Since the beginning of the year, they have declined by $2.12bn.

The value of the gold reserve decreased by $67.1mn to $23.02bn. The physical volume of the precious metal, on the other hand, increased by 0.3mn troy ounces (approximately 9.3 tonnes) to 11.8mn troy ounces (approximately 367 tonnes). In 7M23, the gold reserve volume lost almost 28.3 tonnes.

The hard currency reserve decreased by $14.9mn to $9.56bn during July. In 7M23, the FX reserve declined by $2.08bn.

In July, the gold price moved up from $1,931.9 to $1,971.9 per troy ounce.

Related Articles

Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow

Ukrainian outlet Kyiv Post on August 2 reported sources within Ukraine's Main Military Intelligence Directorate (GUR) as stating that an explosion in Russia disabled a section of ... more

New agreement provides for more than 1,000 weekly flights between Uzbekistan and Russia

Uzbekistan and Russia have struck an agreement under which the number of weekly direct flights between the two countries can be more than tripled to more than 1,000 per week, according to ... more

Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months

Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more

Dismiss