Uzbekistan's reserves first time in history surpassed $31 billion
The current reserves will be enough to finance almost 16 months of imports. This is much more than the three-month target recommended by international organizations for developing countries.
The size of international gold and foreign exchange reserves of Uzbekistan as of May 1 amounted to $31.2 billion, according to data from the Central Bank (CB).
The total volume of foreign currency decreased slightly to $12.3 billion, and gold — $18.5 billion.
These reserves are considered a so-called security cushion, which the country will use in the event of a sudden economic crisis.
The current reserves will be enough to finance almost 16 months of imports. This is much more than the three-month target recommended by international organizations for developing countries.
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