CB increases foreign exchange interventions to the level of Q1 2022
The regulator’s spending on gold purchases increased by almost 10% compared to the previous quarter.

Photo: Kun.uz
In April-June, the Central Bank spent 19.5 trillion soums on the purchase of monetary gold, the Central Bank reported.
Compared to the previous quarter, the regulator’s expenses increased by 9.9%. Even more tangible was the increase compared to the second quarter of last year – then he bought precious metal for 17.2 trillion soums (+13.3%).
Growth in spending largely contributed to the rise in price of gold. In the context of continuing uncertainty in the world market, the growing risk of recession, fluctuations in the yield of government bonds, the price of a troy ounce of the precious metal averaged $1.9-2 thousand.
At the same time, Uzbekistan actively exported gold – more than $4.3 billion in the first five months alone. In May, the Uzbek Central Bank became one of the most active sellers of the precious metal in the world, having sold 11 tons – at the same time, its stocks decreased by 9 tons.
In June, the tonnage of gold reserves increased again by 6.2 tons. However, now it remains well below the peak values reached last fall.
At the same time, the Central Bank intervened in the foreign exchange market in the amount of $2.4 billion (the equivalent of 28 trillion soums). This is comparable to the level of the first quarter of 2022, when the dollar rose sharply.
The introduction of additional currency into the market “sterilized” the excess liquidity that appeared as a result of additional purchases of gold. The regulator adheres to a policy of neutrality in relation to gold and foreign exchange reserves.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
The Maldives – the perfect choice for a Muslim-friendly holiday
SOCIETY | 19:00 / 25.07.2025
-
High spending and shady contracts: Anti-Corruption Agency launches probe into Khanabad music festival
BUSINESS | 22:25 / 26.07.2025
-
Soaring gasoline prices and consumer rights issues spark debate in Uzbekistan
POLITICS | 19:50 / 26.07.2025
-
Tashkent’s master plan open to revision, but not for private interests – Ministry of Construction
POLITICS | 18:47 / 26.07.2025
Related News

10:34 / 26.07.2025
Central Bank survey: People prefer mid-value notes and rarely use UZS 200,000 bills

13:39 / 22.07.2025
Central Bank reports steep inflation in food and fuel, but deflation in some produce

12:46 / 18.07.2025
Foreign currency sales by citizens exceed purchases by $3.7 billion – CB

13:04 / 09.07.2025