Thursday, 06, May, 2021

Uzbekistan’s gross gold and foreign exchange reserves as of November 1 topped US$ 33.3 billion, decreasing by $ 105 million to last month, the Central Bank said in a report.

Net gold and foreign exchange reserves (the difference between gross reserves and liabilities in hard currency) also decreased by US$ 216 million standing at US$ 32.4 billion.

Gold and foreign exchange reserves are declining for the third month in a row. The Central Bank has been building up reserves in both foreign currency and gold since April, but in August occurred diversification of reserves through the sale of gold.

 

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