As of February 1, the total value of Uzbekistan’s reserve assets reached $42.9 bn, representing an increase of $1.7 bn from the previous month, according to the country’s Central Bank.
The regulator noted that the value of gold in the national reserves rose by $3.02 bn, bringing the total to $35 bn. The volume of gold reserves increased from 382.57 tons (12.3 mln troy ounces) to 391.9 tons (12.6 mln troy ounces).
Conversely, the country’s foreign exchange reserves decreased by $1.2 bn, to $7.2 bn.
Kursiv Uzbekistan also reports that, according to Bloomberg, the price of gold may rise to $3,000.
