Uzbekistan’s gold and foreign exchange reserves up by $1 billion

As of August 1, Uzbekistan’s gold and foreign exchange reserves amounted to $35.1 billion. Reserves for the same period last month were $34.1 billion.

The Central Bank has released data on Uzbekistan’s international reserves.

Reportedly, at the end of July, Uzbekistan's gold and foreign exchange reserves increased by more than $1 billion to $35.1 billion. As of July 1, reserves were $34.1 billion.

The net physical volume of gold in reserves increased by 300,000 troy ounces or 9.3 tons, reaching the mark of 11.8 million troy ounces (about 367 tons).

It should be recalled that as of June 1, 2021, Uzbekistan’s gold and foreign exchange reserves amounted to $35.5 billion. This was the first time that official reserves exceeded $35 billion. The reason for this was the resumption of gold prices on world markets.