Central Bank: Gross gold and foreign exchange reserves of Uzbekistan decreases by US$463.1 million

Tashkent, Uzbekistan (UzDaily.com) -- In June 2018, the gross gold and foreign exchange reserves of Uzbekistan decreased by US$463.1 million, which is mainly due to a decrease in the price of gold for the reporting period. This was reported by the press service of the Central Bank of Uzbekistan.

According to the Central Bank, the price of gold fell from US$1303.50 to US$1,250.55 per troy ounce. The estimated impact on the decline in gold and foreign exchange reserves was US$573.5 million.

The increase in the volume of gross gold and currency reserves, excluding gold price decrease for June, was US$110.4 million.

Gross gold and currency reserves of Uzbekistan as of 1 July 2018 made up about US$27.66 billion.

Assets in foreign currency as of 1 July 2018 made up US$13.818 billion against US$14 billion as of 1 June 2018.

The volume of monetary gold decreased from US$14.12 billion as of 1 June to US$13.842 billion as of 1 July 2018.

Net gold and foreign exchange reserves totaled US$26.65 billion as of 1 July 2018, compared to US$27.02 billion as of 1 June 2018.

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