TASHKENT, Uzbekistan, August 8. The volume of official reserve assets in Uzbekistan amounted to $37.4 billion as of August 1, having increased by $1.06 billion in July, Trend reports citing the Central Bank of Uzbekistan.
Last month, foreign currency reserves decreased by another $781.5 million, from $8.47 billion to $7.69 billion. Since the beginning of the year (from January through July), foreign exchange reserves have decreased by $1.68 billion, including due to the repayment of debt on sovereign Eurobonds worth $500 million, which the country issued in 2019.
At the same time, the physical volume of gold in reserves increased by another 310,000 troy ounces (9.64 tons; in June there was an increase of 9.3 tons), up to 12.05 million troy ounces (374.8 tons).
In addition, the value of gold reserves increased by another $1.84 billion, from $27.32 billion to $29.16 billion. In July, gold quotes increased from $2,325 to $2,445 (rising to $2,480) per ounce (an increase of 5.2 percent).
Meanwhile, Uzbekistan exported gold worth $4.1 billion from January through June 2024. This figure has decreased by 4.6 percent compared to the same period last year ($4.3 billion in January–June 2023).
