EconomyFeatured

Uzbekistan’s Gold and Currency Reserves Drop by $1.1 Billion in June

Uzbekistan’s international reserves saw a significant decline in June, shrinking by $1.1 billion, according to the Central Bank’s latest report.

As of July 1, the total value of Uzbekistan’s international assets stood at $48.5 billion. A month earlier, in May, reserves had reached a record high of $49.6 billion.

The sharp drop was mainly due to a decline in foreign currency holdings, which fell from $11.4 billion to $9.5 billion over the course of the month.

At the same time, the value of gold held in the Central Bank’s vaults rose by $763 million, reaching $38.4 billion. The volume of gold also increased from 11.4 million ounces (323.18 tonnes) to 11.7 million ounces (331.68 tonnes).

Earlier this year, in January, Uzbekistan’s reserves had hit an all-time high. June’s decline marks the first major correction since then.

 

Source
Kazinform

TuraNews

Back to top button