In July, the country's international reserves increased by almost $590 million, despite a reduction in the physical volume of gold. At the same time, the structure of foreign currency assets changed significantly.

Uzbekistan's international reserves reached $64.35 billion by August 1, up from $63.76 billion a month earlier. In July, the figure increased by $589.8 million, or 0.93%, according to data from the Central Bank. The main source of the increase was the revaluation of gold reserves.

The value of gold in the reserves rose from $55.76 billion to $56.12 billion, although its physical volume decreased from 13.9 million to 13.8 million troy ounces. Gold now accounts for more than 87% of all the country's international reserves.

Foreign currency reserves increased from $7.44 billion to $7.65 billion over the month. At the same time, the volume of securities sharply decreased — from $2.86 billion to $1.76 billion. Simultaneously, cash foreign currency and deposits increased from $4.58 billion to $5.89 billion. In particular, funds in foreign banks grew from $3.39 billion to $4.66 billion.

Also, the volume of SDRs increased from $556.7 million to $572.4 million, and funds in other central banks, the IMF, and similar organizations — from $1.20 billion to $1.23 billion. Uzbekistan's reserve position in the IMF remained almost unchanged at $0.01 million.