Uzbekistan's gold, foreign currency reserves down in May 2023

Uzbekistan's gold, foreign currency reserves down in May 2023

BAKU, Azerbaijan, June 22. As of June 1, 2023, the volume of Uzbekistan's official reserves exceeded $34.37 billion, TurkicWorld reports.

As the recent data from the Central Bank shows, this figure decreased by $837.9 million month-on-month.

Meanwhile, foreign currency reserves amounted to $9.93 billion as of June 1, which is a decrease of $158.2 million, compared to the previous month.

The volume of gold in the country decreased by $980.6 million to $23.2 billion during the reporting period. The volume of gold in pure troy ounces remained at 11.9 million troy ounces (down by 0.3 million troy ounces month-on-month).

It should be noted that during May 2023, the value of the precious metal on world exchanges fluctuated around $1,900 per ounce, and in recent days it has been updating records (which was noticeable in Uzbekistan).