BAKU, Azerbaijan, July 21
By Ilkin Seyfaddini - Trend:
Uzbekistan exported $2.1 billion worth of gold in the first half of 2020, Trend reports with reference to the State Statistics Committee of Uzbekistan.
Exports of gold accounted for 33.8 percent of Uzbekistan’s total exports.
In the first half of 2019, Uzbekistan exported $2.09 billion worth of gold.
In general, in the first half of 2020, the volume of exports amounted to $6.2 billion, which is 18.2 percent less compared to the same period of 2019.
Following the results of the period from January to June 2020, Uzbekistan's foreign trade turnover made up $15.8 billion, which is $3.5 billion less than for the same period of 2019.
Recently, the Cabinet of Ministers of Uzbekistan adopted a resolution approving the rules of purchase and sale of measured ingots made of precious metals. The ingots, like coins, will be produced by the Central Bank and sold through banks. The prices will be based on international market quotations, Uzbek soum to US dollar rate and the regulator's margin.
According to the Central Bank of Uzbekistan, almost whole reserve of Uzbekistan is stored in the form of monetary gold and foreign currency.
President of Uzbekistan, Shavkat Mirziyoyev instructed to ensure modernization of 385 units of geophysical, drilling, mining and laboratory equipment this year. A task has been set to explore 16 promising hydrocarbon sites by the end of 2020 and confirm the volume of reserves in 23 new deposits.
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