The Central Bank has allowed purchasing government bonds from developed countries along with the US Treasury bonds, the director of the International Reserve Management Department Sanjar Valiyev announced at a press conference on Friday.
According to him, reserveқ diversification began with the purchase of US Treasury bonds due to their high liquidity. "In the future, we could згксрфыу securities from other developed countries as well," he underscored.
However, he clarified that this referкув exclusively to government bonds, and not to the purchase of shares of foreign companies.
In May 2024, the regulator invested $35 million in foreign government bonds for the first time in its history. Later, in October, it purchased another $65 million of the US Treasury securities.
Uzbekistan's international reserves surpassed $50 billion in August, a record high since 2013. Of these, over $40 billion (almost 80%) is gold, the reserves of which has reached 11.8 million troy ounces (367 tons). The foreign currency ratio in the reserves stands at $9.45 billion, while the ratio of securities is 2%, or just over $1 billion.
