Uzbekistan’s foreign exchange reserves reach US$47.85 billion

Tashkent, Uzbekistan (UzDaily.com) — As of 1 April, Uzbekistan’s total foreign exchange reserves amounted to US$47.85 billion, marking an increase of US$2.91 billion, or 6.48%, compared to the previous month, according to the Central Bank.

Despite a US$2.01 billion decline in the value of gold reserves, the figure remains at a record-high level of US$36.88 billion.

The volume of gold held in reserves decreased from 12.2 million to 11.8 million troy ounces, equivalent to a drop from 379.45 to 367 metric tons.

In contrast, foreign currency reserves posted growth, rising by US$882.4 million. As of early April, their volume exceeded US$10.4 billion, including US$359 million held in accounts with central banks of other countries and the International Monetary Fund, as well as US$9.85 billion placed in foreign commercial banks.

A slight increase was also recorded in the value of securities purchased by the Central Bank, rising from US$202.5 million to US$203.1 million.

This marks the second consecutive month of growth, following a sharp increase recorded in February.