Gold Does Its Thing: Uzbekistan's Reserves Soar to a Record $77 Billion

The country's gold and foreign exchange reserves updated their historical maximum

Uzbekistan's gold and foreign exchange reserves have reached a new historical maximum and amounted to $77 billion. This data was published by the country's Central Bank. In just one month, the volume of reserves increased by approximately $2 billion.

The main contribution to the growth of the indicator was made by the appreciation of precious metals. A month earlier, at the end of February, the country's international reserves were estimated at $75 billion, but the increase in gold prices significantly increased their value.

Image source: uzdaily

According to the regulator, the physical volume of gold in reserves reached 13.1 million troy ounces. Its total value is estimated at $67.6 billion. The currency part of the reserves is significantly smaller and amounts to about $8.8 billion.