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.

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.

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