Gold and foreign exchange reserves increased by almost $1.5 billion in March

According to the CB statistics, as of April 1, the official international reserves of Uzbekistan amounted to $35.4 billion. In March, the volume of reserves increased by $1.47 billion compared to the February figure.

The volume of foreign exchange reserves last month remained virtually unchanged at $10.11 billion (an increase of $42.8 million).

Gold reserves for the month increased by $1.41 billion, despite a decrease in physical volume by 300,000 troy ounces (9.3 tons). As of April 1, the total volume of gold was 382.57 tons (12.3 million troy ounces).

The value of the precious metal in vaults reached $24.25 billion, the highest since the publication of statistics by the Central Bank in 2018.

In March, gold quotes exceeded $2,000 per troy ounce for the first time since April 18, 2022, while in February the price of gold fell to $1842 per ounce.