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
Uzbekistan sticks with 14% policy rate
The Central Bank of Uzbekistan (CBU) on October 24 kept its key policy rate at 14% per annum, citing easing inflation but ongoing risks. The ... more
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