Uzbekistan's gold-valuta reserves decreased for the third month in a row

Uzbekistan's gold-valuta reserves have fallen to $ 1.7 bn in the last 3 months. In particular, reserves in Valuta fell to the minimum level in the period after the data began to be disclosed.
The central bank updated the data on Uzbekistan's international valuta reserves.

According to him, as of July 1, the official reserves of Uzbekistan amounted to $ 33.72 billion. This is the minimum figure recorded since the beginning of this year.

Reserves decreased by almost $ 650 million compared to the previous month, and by $ 1.68 billion in the last 3 months.

Reserves in Valuta

The reduction in official reserves is mainly due to a decrease in assets in Valuta. The amount of assets in foreign Valuta decreased by $ 514 million compared to the previous month, to $ 9 billion 576 million.

Spot noted that the amount of assets of Uzbekistan in Valuta has never been lower in the period after 2018, when Statistics began to be published.

Last month, the volume of cash and deposits of the Central Bank of Uzbekistan in the central banks of other countries and the international valuta Fund decreased by more than 2.5 times in a month, from $ 1.4 billion to $ 565.5 million. At the same time, the amount of reserve valutes stored in overseas banks had grown from $ 8.7 bn to $ 9.0 bn during the month of June.

Gold reserves

During June, the value of gold reserves decreased slightly. The Gold part of the reserves amounted to $ 23.08 billion – $ 137 million less than last month.

But the net physical volume of gold increased from 11.9 million troy ounces (370 tons)to 12.1 million troy ounces (376.2 tons).

According to the World Gold Council, Uzbekistan was the world's second largest gold dealer in may. According to reports, the Central Bank of Uzbekistan in May sold 11 tons of gold. Turkey was the first to buy 63 tons of gold, and Uzbekistan became the second largest gold seller.

For information, the country's gold-valuta reserves are used to eliminate the deficit in the balance of payments and trade, keep inflation, buy valuta to support national Valuta in the financial market, pay off foreign debts of the state and carry out calculations between states.

Recall that in the week of lagging behind, the dollar rate in the banks of Uzbekistan rose to 11 610 rubles, approaching the historical maximum.