BAKU, Azerbaijan, June 25
By Ilkin Seyfaddini - Trend:
Uzbekistan exported over $1.6 billion worth of gold in the period from January through May 2020, Trend reports citing the Uzbek State Statistics Committee.
Growth, compared to the period from January through May 2019, resulted in 33.3 percent. Share of gold in Uzbekistan's exports amounted to 31.9 percent from January through May 2020.
Uzbekistan has increased export of gold in recent years. The volume of gold exports in 2015 exceeded $823.9 million, in 2016 - $738.2 million, in 2017 - $1.6 billion, in 2018 - $2.91 billion and in 2019 - $4.92 billion.
Official reserve assets of Uzbekistan amounted to $31.2 billion as of May 1, 2020.
According to the Central Bank of Uzbekistan, almost whole reserve of Uzbekistan is stored in the form of monetary gold and foreign currency.
President of Uzbekistan, Shavkat Mirziyoyev instructed to ensure modernization of 385 units of geophysical, drilling, mining and laboratory equipment this year. A task has been set to explore 16 promising hydrocarbon sites by the end of 2020 and confirm the volume of reserves in 23 new deposits.
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