Gold and foreign exchange reserves increased by almost $1.5 billion in March
The growth was due to the increase in the cost of gold, despite the reduction in its physical volume by 9 tons.
According to the CB statistics, as of April 1, the official international reserves of Uzbekistan amounted to $35.4 billion. In March, the volume of reserves increased by $1.47 billion compared to the February figure.
The volume of foreign exchange reserves last month remained virtually unchanged at $10.11 billion (an increase of $42.8 million).
Gold reserves for the month increased by $1.41 billion, despite a decrease in physical volume by 300,000 troy ounces (9.3 tons). As of April 1, the total volume of gold was 382.57 tons (12.3 million troy ounces).
The value of the precious metal in vaults reached $24.25 billion, the highest since the publication of statistics by the Central Bank in 2018.
In March, gold quotes exceeded $2,000 per troy ounce for the first time since April 18, 2022, while in February the price of gold fell to $1842 per ounce.
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The official international reserves of Uzbekistan increased by $1.47 billion in March, reaching a total of $35.4 billion as of April 1. The foreign exchange reserves remained almost the same at $10.11 billion, while gold reserves increased by $1.41 billion even though the physical volume decreased by 9 tons. The increase in the value of gold led to the total value of precious metal in vaults reaching $24.25 billion, the highest since the Central Bank started publishing statistics in 2018. The price of gold per troy ounce exceeded $2,000 in March for the first time since April 18, 2022, after falling to $1842 per ounce in February.
