Friday, 07, May, 2021

The volume of Uzbekistan’s gross foreign exchange reserves as of January 1 topped US$ 34.9 billion, an increase by US$ 2 billion compared to December, the Central Bank said.

Net gold and foreign exchange reserves (the difference between gross reserves and liabilities) increased by US$ 1.9 billion and reached US$ 33.8 billion.

This has been the first increase in the country's gold and foreign exchange reserves over the past several months. These reserves will be enough to finance more than 20 months of imports. This is much more than the indicator recommended by international organizations for developing countries, which is three months.

 

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