Gold and foreign currency reserves grow by almost $800 million
Gold and foreign currency reserves grow by almost $800 million
The volume of gross foreign exchange reserves of Uzbekistan amounted to $35.21 billion on November 1, increasing by $797.1 million for the month, the Central Bank has reported.
Last month, the physical volume of gold in reserves fell by 0.2 million troy ounces (about 5.7 tons) to 12.1 million troy ounces (about 376.3 tons) for the first time in five months, indicating the recovery of gold exports. The value of gold in reserves increased by $325.2 million to $21.67 billion.
As the CB notes, this was due to the growth of gold quotes from 1730.95 to 1796.3 (+3.7%) over the month. The impact of this growth amounted to $788.3 million, the regulator said.
Reserves in foreign currency rose by $466.7 million this time (down by $762.1 million in September) to $12.41 billion.
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