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Tuesday 23 March 2021

Uzbekistan’s Foreign Reserves Drop to $33.2 bln


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TASHKENT (Press Service of the Central Bank of Uzbekistan) — Uzbekistan’s foreign reserves stood at $33.2 bln as of 1 March, down from $34.3 bln in February. The country’s reserves are stored in gold and foreign currency.

Over the past month, gold in reserves increased by 0.2 mln troy ounces (6.2 tonnes), but the price fell by $0.5 mln in the context of the continuing decline in the price of gold.

The volume of Uzbekistan’s gross gold and foreign exchange reserves increased by 19.2% in 2020, reaching $34.9 bln. The current reserves would be sufficient to finance more than 20 months of imports.

Earlier this month, Muruntau, located in the Navoi region of Uzbekistan, was claimed to be the largest gold mine in the world.

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