Monday, 28, November, 2022

The Central Bank published data on Uzbekistan's international reserves. As of March 1, 2022, Uzbekistan's gold and foreign exchange reserves topped $35.36 billion.

For comparison, as of February 1, 2022, this figure was at $34.42 billion. The figures show that Uzbekistan's official reserves increased by $935 million over the past month.

During February, the physical volume of gold decreased significantly: from 11.6 million troy ounces to 10.9 million troy ounces (about 21.77 tons), and its value decreased from $20.77 billion to $20.72 billion. This can be explained by a significant increase in gold prices on the world market.

Foreign exchange reserves also rose by $983.2 million from $12.54 billion to $13.52 billion.

Note: Uzbekistan’s gross international reserves year-to-date have increased by $221.4 million, or 0.6%. The impact of the rise in gold prices from $1,799.25 at the beginning of the year to $1,903.3 was $1.1 billion.

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