Uzbekistan published statistics on gold and currency reserves

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The Central Bank of Uzbekistan has presented information on gold and currency reserves of the Republic.

It should be noted that the method of calculation of gold and foreign exchange reserves is based on the standards of the International Monetary Fund. Structure of the gold and foreign exchange reserves consists of foreign currency assets and gold coins.

The Central Bank keeps a record of aggregate and net value of the gold and foreign exchange reserves in order to effectively manage.

Net gold and foreign exchange reserves do not take into account foreign currency reserves of commercial banks and public authorities in their accounts opened with the Central Bank (except for the Ministry of Finance, the Fund for Reconstruction and Development). In this regard, the CBU do not carry any obligations towards these institutions.

Gold and currency reserves of the Republic of Uzbekistan

in million US dollars

Indicators	01.01.2018	01.04.2018	01.07.2018	01.10.2018	01.11.2018
I.Aggregate gold and foreign exchange reserves	28 076,9	28 494,0	27 660,5	26 407,3	26 494,1
1. Assets in foreign currency	14 042,8	14 517,2	13 818,3	12 454,4	11 846,1
2. Gold coin	14 034,1	13 976,8	13 842,2	13 953,0	14 648,0
II. Net gold and foreign exchange reserves	26 567,5	27 086,7	26 648,9	25 494,5	25 716,4

It was announced that in January-October this year, decrease in gold and currency reserves was partly due to a decline in gold prices from $1296.50 to $1217.70 per ounce (impact of the price on the reduction of gold and currency reserves - $853 million).

In October 2018, the increase in gold and currency reserves caused somewhat due to an increase in gold prices from $1183.50 to $1217.70 per ounce (impact of the price on the increase of gold and currency reserves - $403.2 million).