BAKU, Azerbaijan, April 14
Trend:
The volume of gross gold and foreign exchange reserves of Uzbekistan as of April 1 amounted to $32.6 billion, having decreased by $589.1 million for the month, Trend reports referring to the Central Bank of Uzbekistan.
The figure has decreased by $2.2 billion since the beginning of the year.
The net gold and foreign exchange reserves (the difference between gross reserves and liabilities in freely convertible currency) decreased by $771.8 million to $31.6 billion.
The country's gold and foreign exchange reserves have been declining for the third month in a row.
The gold in reserves increased by 0.2 million troy ounces (about 6.2 tons), their total number reached 11.4 million ounces (about 323 tons) in March.
However, the value of these reserves decreased by $450.9 million, as this precious metal fell in price in March.
In particular, on March 1 the price of gold was $1,738.8 per ounce, then on March 30 it dropped to 1,687.8, and then by April 1 it reached - $1,729.3.
The growth in the yield of ten-year US Treasury bonds negatively affects the price of the metal.
Uzbekistan's foreign currency reserves also decreased by $132.4 million.