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    Economics

    Gold and FX reserves of Uzbekistan shrink by $2bn

    Gold and FX reserves of Uzbekistan shrink by $2bn

    As of March 1, 2023, the gold and FX reserves of Uzbekistan amounted to $34bn, experiencing a decrease after a three-month rise, the regulator reports.

    Source: Bloomberg

    Reserves decreased by almost 2 billion dollars compared to last month. They mainly consist of gold and hard currency. Both decreased in February:

    • Currency - decreased by $1.2 bln dollars (total $10.1 bln);
    • Gold - increased by $716.6 mln dollars (total $23.56 bln).

    Until February, Uzbekistan's gold and FX reserves were increasing for the third month in a row. This was due to the fact that gold prices began to rise during this period.

    09.03.2023, 22:36   Comments (0)   1161
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