BAKU, Azerbaijan, Sept. 27
By Fakhri Vakilov – Trend:
The value of external assets of Uzbekistan decreased due to the fall of gold prices, Trend reports citing the report of Uzbek Central Bank on the balance of payments and external debt for first half of 2021.
According to the report, total assets in the general government sector decreased by 2 percent ($755 million). Currently, they amount to $34.2 billion. The main decline was observed in the balances of foreign exchange and deposits.
The main factor for the decline was the falling gold prices. The bank said that if at the beginning of the year an ounce of gold was estimated at $1,957.2, then at the end of June the amount decreased to $1,758.
Since the beginning of the year, the Central Bank has sold $1.3 billion worth of precious metals. Sales occurred in May and early June, when prices rose after a decline in the first months of 2021. Uzbekistan has not sold gold since mid-June.
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