BAKU, Azerbaijan, July 2
By Ilkin Seyfaddini – Trend:
The Cabinet of Ministers of Uzbekistan adopted a resolution approving the rules of purchase and sale of measured ingots made of precious metals, Trend reports with reference to National Database of Legislation of Uzbekistan.
The ingots, like coins, will be produced by the Central Bank and sold through banks. The prices will be based on international market quotations, Uzbek soum to US dollar rate and the regulator's margin, the message said.
In this case, the Central Bank does not aim to make profit - ingots, as in the case of coins, are issued to expand the investment opportunities of the population.
Each bar will have an identification serial number, certificate and seal. In the case of signs of counterfeiting, the bar will be handed over to the security authorities.
Uzbekistan exported over $1.6 billion worth of gold in the period from January through May 2020.
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.
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