Baku, Azerbaijan, May 11
By Fikret Dolukhanov – Trend:
In January-April 2018, purchase and sale volume of foreign currency by the Central Bank of Uzbekistan amounted to $134.2 million and $978.5 million, respectively, the press service of the Central Bank stated.
According to the statement, the balance of operations for January-April 2018 was negative $844.3 million due to the change in the strategy of the Central Bank's participation in the foreign exchange market.
The Central Bank currently accentuates on sterilization of money supply growth caused by the purchase of precious metals from manufacturing plants by the Central Bank.
It was reported earlier, the volume of gold and foreign exchange reserves of Uzbekistan increased by $417.1 million in the 1Q2018.
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