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.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowThe Islamic Republic of Iran wants to widen agricultural trade and joint investment with Eurasian Economic Union (EEU) states, a deputy agriculture minister told the bloc's farm-policy council ... more
The Eurasian Development Bank (EDB) has received a first-time long-term credit rating of 'Ag' from Hong Kong-based China Chengxin Credit Ratings Company (CCXAP), with a stable ... more
Shavkat Mirziyoyev, Uzbekistan's president, began a two-day official visit to Belarus on July 7 at the invitation of Alexander Lukashenko, in the latest sign of Minsk's push to broaden its ... more