Currency share falls, gold increases in Uzbek state reserves

Economy Materials 5 February 2018 10:50 (UTC +04:00)

Tashkent, Uzbekistan, Feb. 5

By Mamed Dashdemirov – Trend:

Gross gold and foreign currency reserves of Uzbekistan increased by 6.2 percent in January—December 2017 and reached $28.1 billion by Jan. 1, 2018, Central Bank of Uzbekistan (CBU) announced Trend on Feb. 5.

Foreign currency assets of Uzbekistan fell by 0.9 percent and amounted to $14.043 billion for the reporting period, whereas monetary gold reserves increased by 14.5 percent and totaled $14.034 billion.

Net gold and foreign currency reserves of the country increased by 5.5 percent and reached $25.568 billion last year. These reserves do not include currency resources of commercial banks and state authorities (with the exception of Ministry of Finance and Reconstruction and Development Fund) on CBU accounts, which are financial obligations of CBU before the mentioned bodies.